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Saturday, November 2, 2024

The first half of 2020: Black Earth experienced a 22.3% drop in median home prices

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The median sale price of a home sold in the first half of 2020 in Black Earth fell by $44,250 while total sales increased by 15.8%, according to BlockShopper.com.

From January through June of 2020, there were 22 homes sold, with a median sale price of $153,750 - a 22.3% decrease over the $198,000 median sale price for the same period of the previous year. There were 19 homes sold in Black Earth in the first half of 2019.

The median sales tax in Black Earth for 2020 was $3,835. In 2019, the median sales tax was $3,527. This marks an increase of 8.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Sun Prairie4634258.9%$265,800$257,5003.2%
Oregon16113023.8%$263,755$231,00014.2%
Brooklyn147100%$258,450$205,00026.1%
Stoughton128179-28.5%$242,950$217,30011.8%
Deerfield3640-10%$223,500$180,50023.8%
Mazomanie292611.5%$219,500$190,95015%
Cambridge26248.3%$206,500$169,57521.8%
Dane231553.3%$195,000$280,400-30.5%
Marshall673781.1%$195,000$184,0805.9%
Belleville321788.2%$175,000$151,00015.9%
Black Earth221915.8%$153,750$198,000-22.3%

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