From January through March of 2020, there were 512 homes sold, with a median sale price of $136,750 - a 4.4% increase over the $131,000 median sale price for the same period of the previous year. There were 496 homes sold in Cedar Rapids in the first quarter of 2019.
The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.9% of the median home sale price for the first quarter of 2020.
The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palo | 13 | 7 | 85.7% | $189,000 | $135,500 | 39.5% |
| Springville | 9 | 4 | 125% | $181,000 | $218,000 | -17% |
| Mount Vernon | 10 | 8 | 25% | $177,500 | $207,350 | -14.4% |
| Marion | 150 | 163 | -8% | $168,000 | $168,000 | 0% |
| Central City | 6 | 2 | 200% | $144,750 | $62,850 | 130.3% |
| Cedar Rapids | 512 | 496 | 3.2% | $136,750 | $131,000 | 4.4% |
| Center Point | 8 | 13 | -38.5% | $128,500 | $130,000 | -1.2% |
| Coggon | 1 | 3 | -66.7% | $120,000 | $118,500 | 1.3% |
| Hiawatha | 21 | 17 | 23.5% | $112,500 | $129,827 | -13.3% |
| Walker | 3 | 5 | -40% | $83,300 | $122,000 | -31.7% |
| Lisbon | 8 | 12 | -33.3% | $77,000 | $144,250 | -46.6% |
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