In November 2019, there were three homes sold, with a median sale price of $260,000 - a 90.8% increase over the $136,250 median sale price for the same period of the previous year. There were six homes sold in Palo in November 2018.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.1% of the median home sale price for November 2019.
The following table compares Palo to other Linn County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Robins | 2 | 6 | -66.7% | $336,500 | $264,750 | 27.1% |
| Fairfax | 6 | 5 | 20% | $282,450 | $265,000 | 6.6% |
| Palo | 3 | 6 | -50% | $260,000 | $136,250 | 90.8% |
| Ely | 3 | 10 | -70% | $255,000 | $246,500 | 3.4% |
| Center Point | 7 | 7 | 0% | $229,000 | $200,000 | 14.5% |
| Hiawatha | 12 | 5 | 140% | $208,861.50 | $100,000 | 108.9% |
| Mount Vernon | 2 | 5 | -60% | $192,500 | $243,000 | -20.8% |
| Marion | 76 | 81 | -6.2% | $174,500 | $169,900 | 2.7% |
| Walford | 1 | 0 | - | $172,700 | $0 | - |
| Springville | 1 | 5 | -80% | $168,500 | $145,000 | 16.2% |
| Lisbon | 8 | 2 | 300% | $158,500 | $100,000 | 58.5% |
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