What happened to the median home price in Central City during January 2021?

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The median sale price of a home sold in January 2021 in Central City fell by $38,500 while total sales decreased by 50%, according to BlockShopper.com.

In January 2021, there were two homes sold, with a median sale price of $106,250 - a 26.6% decrease over the $144,750 median sale price for the same period of the previous year. There were four homes sold in Central City in January 2020.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 2.1% of the median home sale price for January 2021.

The following table compares Central City to other Linn County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Center Point31200%$192,000$242,000-20.7%
Mount Vernon42100%$154,450$165,000-6.4%
Cedar Rapids153174-12.1%$142,500$135,0005.6%
Central City24-50%$106,250$144,750-26.6%

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