In June 2020, there were six homes sold, with a median sale price of $229,750 - a 12% decrease over the $261,000 median sale price for the same period of the previous year. There were three homes sold in Palo in June 2019.
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 June 2020.
The following table compares Palo to other Linn County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Walford | 2 | 1 | 100% | $314,750 | $270,000 | 16.6% |
| Mount Vernon | 7 | 11 | -36.4% | $300,000 | $221,500 | 35.4% |
| Robins | 6 | 10 | -40% | $270,750 | $335,250 | -19.2% |
| Ely | 4 | 8 | -50% | $269,950 | $241,822.50 | 11.6% |
| Central City | 3 | 3 | 0% | $245,000 | $145,000 | 69% |
| Palo | 6 | 3 | 100% | $229,750 | $261,000 | -12% |
| Marion | 86 | 114 | -24.6% | $214,475 | $185,500 | 15.6% |
| Center Point | 8 | 12 | -33.3% | $206,700 | $158,250 | 30.6% |
| Fairfax | 11 | 4 | 175% | $195,001 | $262,450 | -25.7% |
| Cedar Rapids | 199 | 331 | -39.9% | $149,000 | $145,500 | 2.4% |
| Lisbon | 3 | 5 | -40% | $134,500 | $220,000 | -38.9% |
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