Springville home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Springville rose by $2,000 while total sales decreased by 76.9%, according to BlockShopper.com.

From July through September of 2020, there were three homes sold, with a median sale price of $139,000 - a 1.5% increase over the $137,000 median sale price for the same period of the previous year. There were 13 homes sold in Springville in the third quarter of 2019.

The median sales tax in Springville for the most recent year with available data, 2017, was $2,524, approximately 1.8% of the median home sale price for the third quarter of 2020.

The following table compares Springville to other Linn County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Center Point1324-45.8%$190,000$130,50045.6%
Mount Vernon201353.8%$182,750$188,000-2.8%
Cedar Rapids532776-31.4%$150,000$144,0004.2%
Central City1014-28.6%$142,500$153,945-7.4%

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