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Hawkeye Reporter

Monday, December 23, 2024

Marion home prices fall in July 2019

Re 9

The median sale price of a home sold in July 2019 in Marion fell by $10,000 while total sales increased by 4%, according to BlockShopper.com.

In July 2019, there were 103 homes sold, with a median sale price of $165,000 - a 5.7% decrease over the $175,000 median sale price for the same period of the previous year. There were 99 homes sold in Marion in July 2018.

The median sales tax in Marion for the most recent year with available data, 2017, was $3,255, approximately 2% of the median home sale price for July 2019.

The following table compares Marion to other Linn County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Alburnett110%$269,900$155,00074.1%
Walford10-$245,000$0-
Palo63100%$233,750$240,000-2.6%
Center Point9650%$221,000$162,00036.4%
Springville220%$213,500$224,950-5.1%
Ely5425%$177,000$287,000-38.3%
Mount Vernon410-60%$175,750$165,0006.5%
Marion103994%$165,000$175,000-5.7%
Cedar Rapids2702613.4%$145,000$147,000-1.4%
Coggon23-33.3%$132,495$135,000-1.9%
Central City52150%$120,000$197,450-39.2%

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