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Tuesday, November 5, 2024

The first half of 2018: Mount Horeb experienced a 3% increase in median home prices

Realestate5

The median sale price of a home sold in the first half of 2018 in Mount Horeb rose by $6,750 while total sales increased by 5.4%, according to BlockShopper.com.

From January through June of 2018, there were 118 homes sold, with a median sale price of $231,750 - a 3% increase over the $225,000 median sale price for the same period of the previous year. There were 112 homes sold in Mount Horeb in the first half of 2017.

The median sales tax in Mount Horeb for 2018 was $4,665. In 2017, the median sales tax was $4,508. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Mount Horeb 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)
DeForest176184-4.3%$253,000$220,70014.6%
Cottage Grove906734.3%$252,500$248,0001.8%
Madison2,9293,016-2.9%$247,900$230,642.507.5%
Windsor1641611.9%$247,500$237,0004.4%
Sun Prairie447466-4.1%$240,000$219,9509.1%
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%

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