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Tuesday, November 5, 2024

Median home prices in Dane fell to $164,600 in the first half of 2018

Re 7

The median sale price of a home sold in the first half of 2018 in Dane fell by $98,950 while total sales increased by 6.3%, according to BlockShopper.com.

From January through June of 2018, there were 17 homes sold, with a median sale price of $164,600 - a 37.5% decrease over the $263,550 median sale price for the same period of the previous year. There were 16 homes sold in Dane in the first half of 2017.

The median sales tax in Dane for 2018 was $4,625. In 2017, the median sales tax was $4,429. This marks an increase of 4.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Dane to other Dane County cities with similar median sale prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Mount Horeb1181125.4%$231,750$225,0003%
Cross Plains3748-22.9%$230,400$238,650-3.5%
Deerfield3541-14.6%$210,000$160,00031.3%
Stoughton2071965.6%$190,000$184,2003.1%
Brooklyn1316-18.8%$190,000$191,200-0.6%
Black Earth25244.2%$180,000$171,0005.3%
Belleville282416.7%$170,750$149,95013.9%
Marshall4345-4.4%$168,700$187,000-9.8%
Dane17166.3%$164,600$263,550-37.5%
Mazomanie2431-22.6%$157,700$169,500-7%
Cambridge20195.3%$144,750$168,400-14%

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