From July through September of 2017, there were 13 homes sold, with a median sale price of $72,000 - a 6.7% increase over the $67,500 median sale price for the same period of the previous year. There were four homes sold in Cerro Gordo in the third quarter of 2016.
The median sales tax in Cerro Gordo for 2017 was $1,683.04. In 2016, the median sales tax was $1,517.40. This marks an increase of 10.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Cerro Gordo to other Piatt County cities in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Monticello | 49 | 38 | 28.9% | $168,000 | $138,750 | 21.1% |
| LaPlace | 1 | 0 | - | $135,500 | $0 | - |
| Mansfield | 13 | 7 | 85.7% | $134,900 | $109,500 | 23.2% |
| Cerro Gordo | 13 | 4 | 225% | $72,000 | $67,500 | 6.7% |
| Atwood | 7 | 1 | 600% | $68,000 | $95,000 | -28.4% |
| Bement | 11 | 7 | 57.1% | $62,000 | $30,000 | 106.7% |
| Cisco | 2 | 3 | -33.3% | $42,300.50 | $54,000 | -21.7% |
| De Land | 3 | 2 | 50% | $28,000 | $52,655 | -46.8% |
| Hammond | 3 | 3 | 0% | $26,000 | $62,000 | -58.1% |
| White Heath | 0 | 2 | -100% | $0 | $142,000 | -100% |
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