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Hawkeye Reporter

Tuesday, December 24, 2024

Home prices increased in Cedar Rapids during October 2021

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The median sale price of a home sold in October 2021 in Cedar Rapids rose by $18,750 while total sales decreased by 6.7%, according to BlockShopper.com.

In October 2021, there were 182 homes sold, with a median sale price of $163,750 - a 12.9% increase over the $145,000 median sale price for the same period of the previous year. There were 195 homes sold in Cedar Rapids in October 2020.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.6% of the median home sale price for October 2021.

The following table compares Cedar Rapids to other Linn County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Palo12-50%$261,400$223,50017%
Marion1027929.1%$201,000$206,000-2.4%
Fairfax770%$186,000$259,950-28.4%
Mount Vernon56-16.7%$183,000$243,200-24.8%
Lisbon6520%$170,000$181,000-6.1%
Cedar Rapids182195-6.7%$163,750$145,00012.9%
Walker220%$157,500$242,000-34.9%
Central City52150%$140,000$104,50034%
Coggon31200%$140,000$146,000-4.1%
Hiawatha510-50%$125,000$167,500-25.4%
Center Point56-16.7%$125,000$225,000-44.4%

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