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Friday, November 1, 2024

The second half of 2020: Dane experienced a 25.6% drop in median home prices

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The median sale price of a home sold in the second half of 2020 in Dane fell by $79,430 while total sales decreased by 6.3%, according to BlockShopper.com.

From July through December of 2020, there were 15 homes sold, with a median sale price of $230,570 - a 25.6% decrease over the $310,000 median sale price for the same period of the previous year. There were 16 homes sold in Dane in the second half of 2019.

The median sales tax in Dane for 2020 was $4,705. In 2019, the median sales tax was $4,835. This marks an decrease of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Dane 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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