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Hawkeye Reporter

Sunday, November 24, 2024

Rising home prices in Fairfax in August 2021

Re 7

The median sale price of a home sold in August 2021 in Fairfax rose by $12,500 while total sales decreased by 37.5%, according to BlockShopper.com.

In August 2021, there were five homes sold, with a median sale price of $285,000 - a 4.6% increase over the $272,500 median sale price for the same period of the previous year. There were eight homes sold in Fairfax in August 2020.

The median sales tax in Fairfax for the most recent year with available data, 2017, was $3,172, approximately 1.1% of the median home sale price for August 2021.

The following table compares Fairfax to other Linn County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Robins4333.3%$412,500$322,00028.1%
Center Point6520%$317,500$214,00048.4%
Ely14-75%$298,900$295,5001.2%
Fairfax58-37.5%$285,000$272,5004.6%
Mount Vernon12771.4%$281,000$178,00057.9%
Hiawatha14955.6%$268,975$154,50074.1%
Walker220%$245,509$102,750138.9%
Marion1207657.9%$235,000$195,30020.3%
Palo4333.3%$234,500$196,00019.6%
Alburnett3250%$232,500$44,400423.6%
Lisbon13-66.7%$188,000$135,50038.7%

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