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Friday, November 22, 2024

Coralville home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Coralville fell by $48,000 while total sales decreased by 12.3%, according to BlockShopper.com.

From January through March of 2018, there were 57 homes sold, with a median sale price of $185,000 - a 20.6% decrease over the $233,000 median sale price for the same period of the previous year. There were 65 homes sold in Coralville in the first quarter of 2017.

The median sales tax in Coralville for the most recent year with available data, 2016, was $3,072, approximately 1.7% of the median home sale price for the first quarter of 2018.

The following table compares Coralville to other Johnson County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Iowa City1114-21.4%$342,000$385,450-11.3%
University Heights3250%$324,900$267,50021.5%
Lone Tree4333.3%$257,500$240,0007.3%
North Liberty857218.1%$194,000$182,5006.3%
Tiffin211631.3%$192,000$188,4501.9%
Coralville5765-12.3%$185,000$233,000-20.6%
Hills52150%$175,500$130,70034.3%

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