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Monday, November 4, 2024

Tiffin home prices rise in the third quarter of 2020

Realestate3

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The median sale price of a home sold in the third quarter of 2020 in Tiffin rose by $45,350 while total sales increased by 6.7%, according to BlockShopper.com.

From July through September of 2020, there were 32 homes sold, with a median sale price of $246,850 - a 22.5% increase over the $201,500 median sale price for the same period of the previous year. There were 30 homes sold in Tiffin in the third quarter of 2019.

The median sales tax in Tiffin for the most recent year with available data, 2016, was $3,427, approximately 1.4% of the median home sale price for the third quarter of 2020.

The following table compares Tiffin to other Johnson County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
University Heights916-43.8%$257,000$262,500-2.1%
Tiffin32306.7%$246,850$201,50022.5%
Coralville1441338.3%$236,500$205,00015.4%
Iowa City365394-7.4%$235,000$230,0002.2%
Hills23-33.3%$229,500$163,00040.8%
North Liberty129145-11%$213,000$200,0006.5%
Lone Tree811-27.3%$136,750$146,000-6.3%

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