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Hawkeye Reporter

Monday, November 25, 2024

2020: Central City experienced a 0.8% increase in median home prices

Realestate2

The median sale price of a home sold in 2020 in Central City rose by $1,209 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through December of 2020, there were 28 homes sold, with a median sale price of $149,000 - a 0.8% increase over the $147,792 median sale price for the previous year. There were 36 homes sold in Central City in 2019.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 1.5% of the median home sale price for 2020.

The following table compares Central City to other Linn County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Alburnett1113-15.4%$195,000$105,00085.7%
Center Point5886-32.6%$187,500$155,00021%
Marion772921-16.2%$187,000$172,5008.4%
Lisbon4157-28.1%$181,000$167,0008.4%
Hiawatha91121-24.8%$160,000$162,000-1.2%
Springville2734-20.6%$150,000$131,00014.5%
Central City2836-22.2%$149,000$147,791.500.8%
Cedar Rapids2,2622,708-16.5%$146,000$141,0003.5%
Bertram31200%$131,500$310,000-57.6%
Walker1318-27.8%$123,500$132,500-6.8%
Coggon1321-38.1%$117,500$118,500-0.8%

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