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Monday, November 25, 2024

Falling home prices in Dane in May 2020

Realestate4

The median sale price of a home sold in May 2020 in Dane fell by $212,225 while total sales decreased by 50%, according to BlockShopper.com.

In May 2020, there were two homes sold, with a median sale price of $119,775 - a 63.9% decrease over the $332,000 median sale price for the same period of the previous year. There were four homes sold in Dane in May 2019.

The median sales tax in Dane for 2020 was $4,705. In 2019, the median sales tax was $4,835. This marks an decrease of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.

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

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Blue Mounds330%$254,000$322,000-21.1%
Fitchburg4477-42.9%$246,750$331,800-25.6%
Deerfield49-55.6%$241,000$207,00016.4%
Stoughton2741-34.1%$240,600$210,90014.1%
Cross Plains811-27.3%$230,014.50$241,000-4.6%
Black Earth4333.3%$218,750$135,00062%
Mazomanie48-50%$185,300$187,358.50-1.1%
Marshall141127.3%$184,500$194,900-5.3%
Belleville770%$175,000$120,00045.8%
Cambridge23-33.3%$156,500$120,00030.4%
Dane24-50%$119,775$332,000-63.9%

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