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Saturday, November 16, 2024

Polk City home prices fall in July 2020

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The median sale price of a home sold in July 2020 in Polk City fell by $38,000 while total sales increased by 40%, according to BlockShopper.com.

In July 2020, there were 21 homes sold, with a median sale price of $282,000 - a 11.9% decrease over the $320,000 median sale price for the same period of the previous year. There were 15 homes sold in Polk City in July 2019.

The median sales tax in Polk City for the most recent year with available data, 2017, was $3,800, approximately 1.3% of the median home sale price for July 2020.

The following table compares Polk City to other Polk County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Saylorville68-25%$326,470$316,7603.1%
Clive261752.9%$323,500$245,00032%
Johnston504413.6%$295,750$267,45010.6%
Polk City211540%$282,000$320,000-11.9%
Grimes403514.3%$264,950$255,0003.9%
Bondurant272222.7%$242,500$235,5003%
Altoona5060-16.7%$242,250$225,0007.7%
West Des Moines105978.2%$234,900$214,0009.8%
Urbandale6173-16.4%$231,000$220,0005%
Ankeny2071984.5%$230,000$228,2500.8%
Pleasant Hill2627-3.7%$220,000$217,0001.4%

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