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Saturday, November 2, 2024

What happened to the median home price in Belleville during the second half of 2020?

Realestate077

The median sale price of a home sold in the second half of 2020 in Belleville rose by $43,100 while total sales increased by 204%, according to BlockShopper.com.

From July through December of 2020, there were 76 homes sold, with a median sale price of $230,000 - a 23.1% increase over the $186,900 median sale price for the same period of the previous year. There were 25 homes sold in Belleville in the second half of 2019.

The median sales tax in Belleville for 2020 was $4,138. In 2019, the median sales tax was $3,864. This marks an increase of 7.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Belleville to other Dane County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Mount Horeb1201190.8%$281,250$255,00010.3%
Cross Plains443718.9%$260,000$255,0002%
Brooklyn16156.7%$252,450$275,000-8.2%
Stoughton2061908.4%$242,000$234,4003.2%
Marshall735435.2%$239,500$219,9508.9%
Dane1516-6.3%$230,570$310,000-25.6%
Belleville7625204%$230,000$186,90023.1%
Deerfield48464.3%$221,500$217,7501.7%
Black Earth483923.1%$220,000$174,00026.4%
Blue Mounds11922.2%$195,000$168,00016.1%
Mazomanie2426-7.7%$130,150$196,000-33.6%

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