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Friday, November 22, 2024

North Liberty home prices rise 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 North Liberty rose by $11,500 while total sales increased by 18.1%, according to BlockShopper.com.

From January through March of 2018, there were 85 homes sold, with a median sale price of $194,000 - a 6.3% increase over the $182,500 median sale price for the same period of the previous year. There were 72 homes sold in North Liberty in the first quarter of 2017.

The median sales tax in North Liberty for the most recent year with available data, 2016, was $3,066, approximately 1.6% of the median home sale price for the first quarter of 2018.

The following table compares North Liberty 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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