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Hawkeye Reporter

Wednesday, November 6, 2024

Cedar Rapids home prices fall in November 2020

Re 7

The median sale price of a home sold in November 2020 in Cedar Rapids fell by $1,250 while total sales decreased by 7.2%, according to BlockShopper.com.

In November 2020, there were 180 homes sold, with a median sale price of $144,250 - a 0.9% decrease over the $145,500 median sale price for the same period of the previous year. There were 194 homes sold in Cedar Rapids in November 2019.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.8% of the median home sale price for November 2020.

The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Marion5776-25%$228,000$174,50030.7%
Mount Vernon52150%$225,000$192,50016.9%
Lisbon38-62.5%$220,000$158,50038.8%
Ely23-33.3%$217,450$255,000-14.7%
Center Point770%$192,400$229,000-16%
Hiawatha1012-16.7%$156,500$208,861.50-25.1%
Central City3250%$150,000$90,50065.7%
Cedar Rapids180194-7.2%$144,250$145,500-0.9%
Fairfax7616.7%$132,000$282,450-53.3%
Springville41300%$97,000$168,500-42.4%
Coggon220%$83,750$83,950-0.2%

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