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In September 2019, there were two homes sold, with a median sale price of $32,450 - a 84.6% decrease over the $211,000 median sale price for the same period of the previous year. There were five homes sold in Palo in September 2018.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 9.1% of the median home sale price for September 2019.
The following table compares Palo to other Linn County cities with similar median sales prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairfax | 3 | 7 | -57.1% | $259,000 | $180,000 | 43.9% |
| Lisbon | 5 | 7 | -28.6% | $199,000 | $159,900 | 24.5% |
| Marion | 64 | 103 | -37.9% | $193,750 | $166,000 | 16.7% |
| Hiawatha | 10 | 11 | -9.1% | $169,250 | $167,000 | 1.3% |
| Central City | 6 | 3 | 100% | $159,550 | $135,000 | 18.2% |
| Center Point | 4 | 2 | 100% | $156,500 | $133,550 | 17.2% |
| Coggon | 3 | 2 | 50% | $139,000 | $182,250 | -23.7% |
| Cedar Rapids | 218 | 213 | 2.3% | $137,000 | $140,000 | -2.1% |
| Springville | 5 | 4 | 25% | $97,000 | $147,000 | -34% |
| Mount Vernon | 1 | 8 | -87.5% | $60,000 | $235,875 | -74.6% |
| Palo | 2 | 5 | -60% | $32,450 | $211,000 | -84.6% |
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