In August 2020, there were three homes sold, with a median sale price of $196,000 - a 20% decrease over the $245,000 median sale price for the same period of the previous year. There were six homes sold in Palo in August 2019.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.5% of the median home sale price for August 2020.
The following table compares Palo to other Linn County cities with similar median sales prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Robins | 3 | 7 | -57.1% | $322,000 | $245,000 | 31.4% |
| Ely | 4 | 4 | 0% | $295,500 | $297,550 | -0.7% |
| Fairfax | 8 | 7 | 14.3% | $272,500 | $230,000 | 18.5% |
| Center Point | 5 | 10 | -50% | $214,000 | $128,950 | 66% |
| Palo | 3 | 6 | -50% | $196,000 | $245,000 | -20% |
| Marion | 76 | 88 | -13.6% | $195,300 | $164,750 | 18.5% |
| Mount Vernon | 7 | 6 | 16.7% | $178,000 | $190,250 | -6.4% |
| Hiawatha | 9 | 11 | -18.2% | $154,500 | $162,000 | -4.6% |
| Cedar Rapids | 182 | 261 | -30.3% | $146,551 | $151,000 | -2.9% |
| Central City | 4 | 3 | 33.3% | $138,500 | $160,000 | -13.4% |
| Lisbon | 3 | 3 | 0% | $135,500 | $202,980 | -33.2% |
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