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Monday, November 4, 2024

Falling home prices in Marshall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Marshall fell by $18,300 while total sales decreased by 4.4%, according to BlockShopper.com.

From January through June of 2018, there were 43 homes sold, with a median sale price of $168,700 - a 9.8% decrease over the $187,000 median sale price for the same period of the previous year. There were 45 homes sold in Marshall in the first half of 2017.

The median sales tax in Marshall for 2018 was $3,715. In 2017, the median sales tax was $3,806. This marks an decrease of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Marshall 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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