In July 2019, there were six homes sold, with a median sale price of $233,750 - a 2.6% decrease over the $240,000 median sale price for the same period of the previous year. There were three homes sold in Palo in July 2018.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.3% of the median home sale price for July 2019.
The following table compares Palo to other Linn County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairfax | 6 | 11 | -45.5% | $341,250 | $181,500 | 88% |
| Hiawatha | 13 | 8 | 62.5% | $290,000 | $105,450 | 175% |
| Lisbon | 6 | 4 | 50% | $281,950 | $75,500 | 273.4% |
| Alburnett | 1 | 1 | 0% | $269,900 | $155,000 | 74.1% |
| Walford | 1 | 0 | - | $245,000 | $0 | - |
| Palo | 6 | 3 | 100% | $233,750 | $240,000 | -2.6% |
| Center Point | 9 | 6 | 50% | $221,000 | $162,000 | 36.4% |
| Springville | 2 | 2 | 0% | $213,500 | $224,950 | -5.1% |
| Ely | 5 | 4 | 25% | $177,000 | $287,000 | -38.3% |
| Mount Vernon | 4 | 10 | -60% | $175,750 | $165,000 | 6.5% |
| Marion | 103 | 99 | 4% | $165,000 | $175,000 | -5.7% |
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