Mount Vernon home prices rise in the first half of 2020

Medium realestate1

The median sale price of a home sold in the first half of 2020 in Mount Vernon rose by $8,500 while total sales decreased by 37.9%, according to BlockShopper.com.

From January through June of 2020, there were 18 homes sold, with a median sale price of $216,500 - a 4.1% increase over the $208,000 median sale price for the same period of the previous year. There were 29 homes sold in Mount Vernon in the first half of 2019.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 1.7% of the median home sale price for the first half of 2020.

The following table compares Mount Vernon to other Linn County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Alburnett27-71.4%$318,650$92,000246.4%
Walford24-50%$314,750$266,45018.1%
Robins2328-17.9%$290,000$274,5005.6%
Fairfax2336-36.1%$259,900$202,90028.1%
Mount Vernon1829-37.9%$216,500$208,0004.1%
Ely1933-42.4%$215,000$250,000-14%
Palo231553.3%$190,000$214,000-11.2%
Springville1416-12.5%$184,750$145,50027%
Marion341449-24.1%$175,900$172,5002%
Central City1013-23.1%$174,750$146,69319.1%
Center Point2538-34.2%$156,100$144,2008.3%

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