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Cedar Rapids Today

Sunday, May 5, 2024

Falling home prices in Alburnett in Q3

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The median sale price of a home sold in the third quarter of 2022 in Alburnett fell by $49,500 while total sales decreased by 42.9 percent, according to BlockShopper.com.

From July through September, there were four homes sold, with a median sale price of $132,500 - a 27.2 percent decrease from the $182,000 median sale price for the same period of the previous year. There were seven homes sold in Alburnett in the third quarter of 2021.

The median sales tax in Alburnett for the most recent year with available data, 2017, was $2,387, approximately 1.8 percent of the median home sale price for the third quarter of 2022.

The following table compares Alburnett 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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