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Friday, November 1, 2024

Pricing for the median home in Black Earth increased during May 2020

Re 7

The median sale price of a home sold in May 2020 in Black Earth rose by $83,750 while total sales increased by 33.3%, according to BlockShopper.com.

In May 2020, there were four homes sold, with a median sale price of $218,750 - a 62% increase over the $135,000 median sale price for the same period of the previous year. There were three homes sold in Black Earth in May 2019.

The median sales tax in Black Earth for 2020 was $3,835. In 2019, the median sales tax was $3,527. This marks an increase of 8.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Black Earth 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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