Palo home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Palo rose by $182,550 while total sales increased by 50%, according to BlockShopper.com.

In September 2020, there were three homes sold, with a median sale price of $215,000 - a 562.6% increase over the $32,450 median sale price for the same period of the previous year. There were two homes sold in Palo in September 2019.

The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.4% of the median home sale price for September 2020.

The following table compares Palo to other Linn County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Ely83166.7%$305,500$560,000-45.4%
Hiawatha712-41.7%$275,000$168,92562.8%
Fairfax550%$260,000$240,0008.3%
Robins57-28.6%$260,000$345,000-24.6%
Mount Vernon83166.7%$231,250$145,00059.5%
Palo3250%$215,000$32,450562.6%
Marion806719.4%$203,000$193,0005.2%
Lisbon550%$200,000$199,0000.5%
Center Point6520%$188,975$116,00062.9%
Alburnett40-$176,500$0-
Cedar Rapids105244-57%$152,000$136,25011.6%

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