In August 2018, there were 32 homes sold, with a median sale price of $263,000 - a 6.1% decrease over the $280,000 median sale price for the same period of the previous year. There were 17 homes sold in McFarland in August 2017.
The median sales tax in McFarland for 2018 was $5,195. In 2017, the median sales tax was $5,027. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares McFarland to other Dane County cities with similar median sale prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fitchburg | 69 | 56 | 23.2% | $312,000 | $261,250 | 19.4% |
| Windsor | 26 | 31 | -16.1% | $295,000 | $275,500 | 7.1% |
| Cottage Grove | 16 | 22 | -27.3% | $289,500 | $276,000 | 4.9% |
| Middleton | 55 | 60 | -8.3% | $286,000 | $324,500 | -11.9% |
| Verona | 45 | 49 | -8.2% | $265,000 | $290,000 | -8.6% |
| McFarland | 32 | 17 | 88.2% | $263,000 | $280,000 | -6.1% |
| Cambridge | 5 | 3 | 66.7% | $257,500 | $130,000 | 98.1% |
| Madison | 594 | 666 | -10.8% | $254,150 | $245,000 | 3.7% |
| Mount Horeb | 27 | 18 | 50% | $250,000 | $267,500 | -6.5% |
| Sun Prairie | 111 | 97 | 14.4% | $250,000 | $247,000 | 1.2% |
| Cross Plains | 8 | 8 | 0% | $248,000 | $298,085.50 | -16.8% |
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