Alburnett home prices fall in the third quarter of 2020

Medium realestate2

The median sale price of a home sold in the third quarter of 2020 in Alburnett fell by $53,450 while total sales increased by 300%, according to BlockShopper.com.

From July through September of 2020, there were eight homes sold, with a median sale price of $176,500 - a 23.2% decrease over the $229,950 median sale price for the same period of the previous year. There were two homes sold in Alburnett in the third quarter of 2019.

The median sales tax in Alburnett for the most recent year with available data, 2017, was $2,387, approximately 1.4% of the median home sale price for the third quarter of 2020.

The following table compares Alburnett 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)
Palo1014-28.6%$205,500$233,500-12%
Lisbon1214-14.3%$197,500$206,490-4.4%
Marion227258-12%$191,000$170,00012.4%
Center Point1324-45.8%$190,000$130,50045.6%
Mount Vernon201353.8%$182,750$188,000-2.8%
Alburnett82300%$176,500$229,950-23.2%
Cedar Rapids532776-31.4%$150,000$144,0004.2%
Central City1014-28.6%$142,500$153,945-7.4%
Springville313-76.9%$139,000$137,0001.5%
Walker3250%$123,500$174,500-29.2%
Coggon58-37.5%$123,000$99,00024.2%

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