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Saturday, November 2, 2024

Pricing for the median home in Shorewood Hills decreased during the second half of 2020

Re 13

The median sale price of a home sold in the second half of 2020 in Shorewood Hills fell by $11,500 while total sales decreased by 14.3%, according to BlockShopper.com.

From July through December of 2020, there were 30 homes sold, with a median sale price of $528,500 - a 2.1% decrease over the $540,000 median sale price for the same period of the previous year. There were 35 homes sold in Shorewood Hills in the second half of 2019.

The median sales tax in Shorewood Hills for 2020 was $12,309. In 2019, the median sales tax was $12,110. This marks an increase of 1.6%. 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 Shorewood Hills 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)
Maple Bluff332626.9%$600,000$560,5157%
Shorewood Hills3035-14.3%$528,500$540,000-2.1%
Waunakee210253-17%$410,750$380,0008.1%
Middleton28425312.3%$347,500$330,0005.3%
McFarland1401316.9%$334,500$294,50013.6%
Windsor156175-10.9%$331,000$260,00027.3%
Verona21317124.6%$325,000$267,00021.7%
Fitchburg41735916.2%$314,979$300,0005%
Cottage Grove1161069.4%$311,250$296,5005%
DeForest22619615.3%$291,750$291,2730.2%
Oregon1971941.5%$286,500$269,3006.4%

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