In June 2021, there were two homes sold, with a median sale price of $250,000 - a 8.8% increase over the $229,750 median sale price for the same period of the previous year. There were six homes sold in Palo in June 2020.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.2% of the median home sale price for June 2021.
The following table compares Palo to other Linn County cities with similar median sale prices in June 2021:
| City | June 2021 Home Sales | June 2020 Home Sales | % change (Total Home Sales) | June 2021 Median Sales Price | June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Robins | 6 | 6 | 0% | $489,500 | $270,750 | 80.8% |
| Palo | 2 | 6 | -66.7% | $250,000 | $229,750 | 8.8% |
| Center Point | 7 | 8 | -12.5% | $249,000 | $206,700 | 20.5% |
| Lisbon | 5 | 3 | 66.7% | $239,000 | $134,500 | 77.7% |
| Ely | 5 | 4 | 25% | $232,500 | $269,950 | -13.9% |
| Marion | 96 | 86 | 11.6% | $228,800 | $214,475 | 6.7% |
| Mount Vernon | 7 | 7 | 0% | $221,650 | $300,000 | -26.1% |
| Fairfax | 10 | 11 | -9.1% | $217,000 | $195,001 | 11.3% |
| Hiawatha | 11 | 13 | -15.4% | $185,000 | $110,000 | 68.2% |
| Cedar Rapids | 289 | 199 | 45.2% | $170,000 | $149,000 | 14.1% |
| Central City | 6 | 3 | 100% | $122,000 | $245,000 | -50.2% |
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