In August 2021, there were 650 homes sold, with a median sale price of $314,800 - a 12.2% increase over the $280,504 median sale price for the same period of the previous year. There were 607 homes sold in Madison in August 2020.
The median sales tax in Madison for the most recent year with available data, 2020, was $5,806, approximately 1.8% of the median home sale price for August 2021.
The following table compares Madison to other Dane County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fitchburg | 73 | 77 | -5.2% | $354,900 | $358,500 | -1% |
| DeForest | 43 | 47 | -8.5% | $337,489 | $325,450 | 3.7% |
| Sun Prairie | 89 | 102 | -12.7% | $333,500 | $280,000 | 19.1% |
| McFarland | 23 | 20 | 15% | $325,000 | $347,500 | -6.5% |
| Deerfield | 8 | 8 | 0% | $318,500 | $208,800 | 52.5% |
| Madison | 650 | 607 | 7.1% | $314,800 | $280,504 | 12.2% |
| Mount Horeb | 23 | 20 | 15% | $292,500 | $314,950 | -7.1% |
| Cross Plains | 10 | 13 | -23.1% | $285,700 | $255,000 | 12% |
| Belleville | 5 | 12 | -58.3% | $272,000 | $184,000 | 47.8% |
| Brooklyn | 3 | 4 | -25% | $259,900 | $215,700 | 20.5% |
| Mazomanie | 5 | 2 | 150% | $254,800 | $243,350 | 4.7% |
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