The median sale price of a home sold in January 2020 in Palo rose by $39,750 while total sales increased by 33.3%, according to BlockShopper.com.
In January 2020, there were four homes sold, with a median sale price of $254,750 - a 18.5% increase over the $215,000 median sale price for the same period of the previous year. There were three homes sold in Palo in January 2019.
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 January 2020.
The following table compares Palo to other Linn County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palo | 4 | 3 | 33.3% | $254,750 | $215,000 | 18.5% |
| Center Point | 1 | 4 | -75% | $242,000 | $107,500 | 125.1% |
| Fairfax | 2 | 5 | -60% | $209,637.50 | $204,500 | 2.5% |
| Springville | 2 | 2 | 0% | $193,000 | $287,500 | -32.9% |
| Robins | 5 | 2 | 150% | $185,000 | $322,000 | -42.5% |
| Mount Vernon | 2 | 3 | -33.3% | $165,000 | $232,000 | -28.9% |
| Marion | 51 | 52 | -1.9% | $164,000 | $169,750 | -3.4% |
| Central City | 4 | 1 | 300% | $144,750 | $65,700 | 120.3% |
| Cedar Rapids | 171 | 155 | 10.3% | $135,000 | $120,000 | 12.5% |
| Ely | 1 | 5 | -80% | $117,000 | $285,000 | -58.9% |
| Hiawatha | 7 | 6 | 16.7% | $104,000 | $122,413.50 | -15% |
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