Cedar Rapids home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Cedar Rapids rose by $6,000 while total sales decreased by 30.3%, according to BlockShopper.com.

In July 2020, there were 189 homes sold, with a median sale price of $151,000 - a 4.1% increase over the $145,000 median sale price for the same period of the previous year. There were 271 homes sold in Cedar Rapids in July 2019.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.7% of the median home sale price for July 2020.

The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Central City25-60%$170,000$120,00041.7%
Cedar Rapids189271-30.3%$151,000$145,0004.1%
Mount Vernon5425%$115,000$175,750-34.6%
Center Point29-77.8%$98,000$221,000-55.7%

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