In May 2021, there were nine homes sold, with a median sale price of $184,999 - a 36.2% decrease over the $290,000 median sale price for the same period of the previous year. There were five homes sold in Fairfax in May 2020.
The median sales tax in Fairfax for the most recent year with available data, 2017, was $3,172, approximately 1.7% of the median home sale price for May 2021.
The following table compares Fairfax to other Linn County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Center Point | 6 | 7 | -14.3% | $241,000 | $78,500 | 207% |
| Lisbon | 4 | 3 | 33.3% | $239,975 | $290,000 | -17.3% |
| Alburnett | 2 | 2 | 0% | $216,250 | $318,650 | -32.1% |
| Marion | 84 | 60 | 40% | $194,750 | $140,950 | 38.2% |
| Mount Vernon | 6 | 1 | 500% | $187,500 | $310,000 | -39.5% |
| Fairfax | 9 | 5 | 80% | $184,999 | $290,000 | -36.2% |
| Central City | 3 | 0 | - | $183,777 | $0 | - |
| Hiawatha | 19 | 4 | 375% | $175,000 | $182,000 | -3.8% |
| Springville | 3 | 2 | 50% | $162,500 | $237,500 | -31.6% |
| Walker | 3 | 2 | 50% | $155,000 | $175,250 | -11.6% |
| Cedar Rapids | 200 | 165 | 21.2% | $147,500 | $144,000 | 2.4% |
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