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Tuesday, November 26, 2024

November 2020: Brooklyn experienced a 17.9% drop in median home prices

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The median sale price of a home sold in November 2020 in Brooklyn fell by $54,950 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In November 2020, there were four homes sold, with a median sale price of $252,450 - a 17.9% decrease over the $307,400 median sale price for the same period of the previous year. There were four homes sold in Brooklyn in November 2019, as well.

The median sales tax in Brooklyn for 2020 was $4,976. In 2019, the median sales tax was $4,672. This marks an increase of 6.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Brooklyn to other Dane County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
DeForest3335-5.7%$292,000$295,000-1%
Madison50545211.7%$285,000$273,0004.4%
Stoughton35329.4%$265,000$221,25019.8%
Marshall219133.3%$263,500$228,60015.3%
Cambridge84100%$263,050$181,35045.1%
Brooklyn440%$252,450$307,400-17.9%
Dane31200%$230,570$364,900-36.8%
Deerfield58-37.5%$225,000$197,50013.9%
Black Earth153400%$220,000$92,000139.1%
Blue Mounds23-33.3%$218,500$168,00030.1%
Belleville8633.3%$118,300$194,000-39%

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