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Sunday, November 24, 2024

Rising home prices in Springville in the first half of 2022

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the first half of 2022 in Springville rose by $112,000 while total sales decreased by 52.9 percent, according to BlockShopper.com.

From January through June, there were eight homes sold, with a median sale price of $274,500 - a 68.9 percent increase over the $162,500 median sale price for the same period of the previous year. There were 17 homes sold in Springville in the first half of 2021.

The median sales tax in Springville for the most recent year with available data, 2017, was $2,524, approximately 0.9 percent of the median home sale price for the first half of 2022.

The following table compares Springville to other Linn County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Bertram20-$497,500$0-
Ely314-78.6$376,956$267,47540.9
Fairfax2233-33.3$358,000$190,00088.4
Robins722-68.2$325,000$382,500-15
Mount Vernon1532-53.1$285,000$198,25043.8
Springville817-52.9$274,500$162,50068.9
Alburnett36-50$270,400$96,500180.2
Palo613-53.8$235,500$235,0000.2
Marion227363-37.5$217,500$200,0008.8
Hiawatha3061-50.8$182,500$178,0002.5
Center Point1034-70.6$159,950$185,500-13.8

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