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Saturday, November 2, 2024

Falling home prices in Dane in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Dane fell by $85,400 while total sales increased by 53.3%, according to BlockShopper.com.

From January through June of 2020, there were 23 homes sold, with a median sale price of $195,000 - a 30.5% decrease over the $280,400 median sale price for the same period of the previous year. There were 15 homes sold in Dane in the first 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 2.4%.

The following table compares Dane 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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