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Monday, November 4, 2024

The first half of 2017: Belleville experienced a 20% drop in median home prices

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The median sale price of a home sold in the first half of 2017 in Belleville fell by $37,550 while total sales increased by 14.3%, according to BlockShopper.com.

From January through June of 2017, there were 24 homes sold, with a median sale price of $149,950 - a 20% decrease over the $187,500 median sale price for the same period of the previous year. There were 21 homes sold in Belleville in the first half of 2016.

The median sales tax in Belleville for 2017 was $3,808. In 2016, the median sales tax was $3,480. This marks an increase of 9.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Belleville to other Dane County cities with similar median sale prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
DeForest18416312.9%$220,700$190,00016.2%
Sun Prairie4664581.7%$219,950$210,0004.7%
Brooklyn161414.3%$191,200$169,50012.8%
Marshall454012.5%$187,000$156,50019.5%
Stoughton1961874.8%$184,200$168,4009.4%
Blue Mounds17166.3%$178,000$180,000-1.1%
Black Earth242020%$171,000$178,250-4.1%
Mazomanie312147.6%$169,500$159,4006.3%
Cambridge1923-17.4%$168,400$160,0005.3%
Deerfield41410%$160,000$180,000-11.1%
Belleville242114.3%$149,950$187,500-20%

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