In March 2021, there were two homes sold, with a median sale price of $168,000 - a 3% decrease over the $173,261 median sale price for the same period of the previous year. There were eight homes sold in Palo in March 2020.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.8% of the median home sale price for March 2021.
The following table compares Palo to other Linn County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ely | 2 | 6 | -66.7% | $303,750 | $131,500 | 131% |
| Mount Vernon | 7 | 8 | -12.5% | $279,000 | $177,500 | 57.2% |
| Lisbon | 5 | 3 | 66.7% | $270,000 | $65,000 | 315.4% |
| Central City | 2 | 2 | 0% | $236,813.50 | $231,161.50 | 2.4% |
| Marion | 51 | 57 | -10.5% | $219,900 | $207,500 | 6% |
| Palo | 2 | 8 | -75% | $168,000 | $173,260.50 | -3% |
| Hiawatha | 12 | 10 | 20% | $164,000 | $131,250 | 25% |
| Springville | 4 | 2 | 100% | $156,450 | $456,750 | -65.7% |
| Fairfax | 4 | 1 | 300% | $144,950 | $125,000 | 16% |
| Center Point | 11 | 5 | 120% | $135,900 | $112,000 | 21.3% |
| Cedar Rapids | 193 | 198 | -2.5% | $134,500 | $146,700 | -8.3% |
Alerts Sign-up