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Cedar Rapids Today

Tuesday, November 5, 2024

How did home prices perform in Coggon during Q3?

Realestate3

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Adobe Stock

The median sale price of a home sold in the third quarter of 2022 in Coggon fell by $19,250 while total sales decreased by 37.5 percent, according to BlockShopper.com.

From July through September, there were five homes sold, with a median sale price of $138,000 - a 12.2 percent decrease from the $157,250 median sale price for the same period of the previous year. There were eight homes sold in Coggon in the third quarter of 2021.

The median sales tax in Coggon for the most recent year with available data, 2017, was $1,750, approximately 1.3 percent of the median home sale price for the third quarter of 2022.

The following table compares Coggon to other Linn County cities with similar median sale prices in the third quarter of 2022:

CityJuly - September 2022 Home SalesJuly - September 2021 Home Sales% change (Total Home Sales)July - September 2022 Median Sales PriceJuly - September 2021 Median Sales Price% change (Median Sales Price)
Lisbon259177.8$262,000$190,00037.9
Hiawatha3441-17.1$240,000$205,00017.1
Marion232316-26.6$230,550$204,75012.6
Center Point1125-56$229,900$242,000-5
Springville716-56.3$215,000$173,25024.1
Central City911-18.2$199,900$125,00059.9
Cedar Rapids596859-30.6$167,000$156,5006.7
Walker11683.3$165,000$165,0000
Coggon58-37.5$138,000$157,250-12.2
Palo1011-9.1$133,500$266,000-49.8
Alburnett47-42.9$132,500$182,000-27.2

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