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Tuesday, November 5, 2024

The second half of 2017: Home prices in Brooklyn increased

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The median sale price of a home sold in the second half of 2017 in Brooklyn rose by $27,850 while total sales increased by 5%, according to BlockShopper.com.

From July through December of 2017, there were 21 homes sold, with a median sale price of $177,500 - a 18.6% increase over the $149,650 median sale price for the same period of the previous year. There were 20 homes sold in Brooklyn in the second half of 2016.

The median sales tax in Brooklyn for 2017 was $4,086. In 2016, the median sales tax was $4,162. This marks an decrease of 1.8%. 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 Brooklyn to other Dane County cities with similar median sale prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
DeForest2062050.5%$236,000$205,00015.1%
Dane1622-27.3%$232,500$230,0001.1%
Sun Prairie517534-3.2%$230,000$220,0004.5%
Stoughton21519013.2%$202,000$185,9508.6%
Mazomanie2231-29%$194,350$167,90015.8%
Belleville291681.3%$187,500$192,750-2.7%
Deerfield4155-25.5%$185,000$184,9000.1%
Marshall3840-5%$184,400$158,75016.2%
Brooklyn21205%$177,500$149,65018.6%
Black Earth2829-3.4%$151,750$145,0004.7%
Cambridge402842.9%$142,950$237,450-39.8%

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