What happened to the median home price in Cedar Rapids during May 2021?

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The median sale price of a home sold in May 2021 in Cedar Rapids rose by $3,500 while total sales increased by 21.2%, according to BlockShopper.com.

In May 2021, there were 200 homes sold, with a median sale price of $147,500 - a 2.4% increase over the $144,000 median sale price for the same period of the previous year. There were 165 homes sold in Cedar Rapids in May 2020.

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 May 2021.

The following table compares Cedar Rapids to other Linn County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Mount Vernon61500%$187,500$310,000-39.5%
Central City30-$183,777$0-
Cedar Rapids20016521.2%$147,500$144,0002.4%

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