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Saturday, November 2, 2024

Falling home prices in Fitchburg 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 Fitchburg fell by $19,450 while total sales decreased by 10.1%, according to BlockShopper.com.

From January through June of 2020, there were 312 homes sold, with a median sale price of $280,550 - a 6.5% decrease over the $300,000 median sale price for the same period of the previous year. There were 347 homes sold in Fitchburg in the first half of 2019.

The median sales tax in Fitchburg for 2020 was $6,421. In 2019, the median sales tax was $6,165. This marks an increase of 4.2%. 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 Fitchburg 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)
DeForest162198-18.2%$299,950$241,75024.1%
McFarland1251149.6%$297,000$323,276.50-8.1%
Cottage Grove71710%$288,000$299,900-4%
Blue Mounds810-20%$287,500$229,65025.2%
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%

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