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Tuesday, November 5, 2024

What happened to the median home price in Cambridge during February 2019?

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The median sale price of a home sold in February 2019 in Cambridge rose by $2,425 while total sales increased by 150%, according to BlockShopper.com.

In February 2019, there were five homes sold, with a median sale price of $167,000 - a 1.5% increase over the $164,575 median sale price for the same period of the previous year. There were two homes sold in Cambridge in February 2018.

The median sales tax in Cambridge for 2019 was $3,445. In 2018, the median sales tax was $3,504. This marks an decrease of 1.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Cambridge to other Dane County cities with similar median sale prices in February 2019:

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Black Earth550%$243,500$202,50020.2%
Verona262313%$233,300$240,000-2.8%
Brooklyn21100%$225,000$175,00028.6%
Stoughton251656.3%$211,000$172,35022.4%
Dane42100%$204,950$145,90040.5%
Cambridge52150%$167,000$164,5751.5%
Belleville21100%$151,000$265,000-43%
Cross Plains3250%$138,000$118,00016.9%
Marshall48-50%$136,250$153,250-11.1%
Mazomanie13-66.7%$90,000$155,400-42.1%
Deerfield24-50%$77,750$210,750-63.1%

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