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Hawkeye Reporter

Monday, November 25, 2024

Rising home prices in Central City in December 2020

Re 9

The median sale price of a home sold in December 2020 in Central City rose by $22,500 while total sales decreased by 25%, according to BlockShopper.com.

In December 2020, there were three homes sold, with a median sale price of $150,000 - a 17.6% increase over the $127,500 median sale price for the same period of the previous year. There were four homes sold in Central City in December 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 December 2020.

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

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Fairfax18-87.5%$232,000$226,7502.3%
Mount Vernon84100%$226,000$220,7502.4%
Lisbon5366.7%$225,000$139,50061.3%
Walker21100%$218,700$150,00045.8%
Center Point78-12.5%$203,000$222,500-8.8%
Marion6872-5.6%$191,000$163,25017%
Springville13-66.7%$168,000$40,000320%
Ely550%$165,000$210,000-21.4%
Central City34-25%$150,000$127,50017.6%
Cedar Rapids20218111.6%$147,750$149,000-0.8%
Coggon3250%$82,500$84,500-2.4%

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