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Tuesday, November 26, 2024

What happened to the median home price in Cambridge during October 2021?

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The median sale price of a home sold in October 2021 in Cambridge fell by $38,750 while total sales increased by 300%, according to BlockShopper.com.

In October 2021, there were eight homes sold, with a median sale price of $318,950 - a 10.8% decrease over the $357,700 median sale price for the same period of the previous year. There were two homes sold in Cambridge in October 2020.

The median sales tax in Cambridge for the most recent year with available data, 2020, was $3,486, approximately 1.1% of the median home sale price for October 2021.

The following table compares Cambridge to other Dane County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Blue Mounds220%$373,500$232,40060.7%
Middleton4650-8%$347,750$356,500-2.5%
Oregon4046-13%$337,500$242,10039.4%
Verona1840-55%$327,750$322,4501.6%
Mount Horeb1423-39.1%$319,900$296,5007.9%
Cambridge82300%$318,950$357,700-10.8%
Madison497590-15.8%$313,000$275,75013.5%
Black Earth810-20%$306,000$273,12512%
McFarland1423-39.1%$305,800$274,00011.6%
Cottage Grove1523-34.8%$300,000$295,0001.7%
DeForest2536-30.6%$300,000$288,2004.1%

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