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Monday, November 4, 2024

What happened to the median home price in Buffalo during the first quarter of 2021?

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The median sale price of a home sold in the first quarter of 2021 in Buffalo rose by $30,000 while total sales remained unchanged with six homes sold, according to BlockShopper.com.

From January through March of 2021, there were six homes sold, with a median sale price of $125,000 - a 31.6% increase over the $95,000 median sale price for the same period of the previous year. There were six homes sold in Buffalo in the first quarter of 2020, as well.

The median sales tax in Buffalo for the most recent year with available data, 2017, was $1,594, approximately 1.3% of the median home sale price for the first quarter of 2021.

The following table compares Buffalo to other Scott County cities in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Le Claire1224-50%$351,750$250,75040.3%
Park View45-20%$297,500$197,50050.6%
Long Grove220%$251,500$363,000-30.7%
Eldridge211631.3%$234,000$246,500-5.1%
Bettendorf133134-0.7%$230,000$217,5005.7%
Blue Grass7475%$196,000$144,00036.1%
Princeton330%$189,000$110,00071.8%
Walcott104150%$143,400$97,59646.9%
Buffalo660%$125,000$95,00031.6%
McCausland220%$115,000$220,000-47.7%
Donahue220%$75,510$259,500-70.9%
Riverdale01-100%$0$170,000-100%

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