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Saturday, November 2, 2024

What happened to the median home price in Oregon during the first half of 2020?

Realestate1

The median sale price of a home sold in the first half of 2020 in Oregon rose by $32,755 while total sales increased by 23.8%, according to BlockShopper.com.

From January through June of 2020, there were 161 homes sold, with a median sale price of $263,755 - a 14.2% increase over the $231,000 median sale price for the same period of the previous year. There were 130 homes sold in Oregon in the first half of 2019.

The median sales tax in Oregon for 2020 was $5,207. In 2019, the median sales tax was $4,951. This marks an increase of 5.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Oregon 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)
Madison2,7762,7550.8%$283,900$262,0008.4%
Fitchburg312347-10.1%$280,550$300,000-6.5%
Cross Plains4147-12.8%$270,000$233,50015.6%
Mount Horeb9496-2.1%$266,150$250,0006.5%
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%

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