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Saturday, December 28, 2024

What happened to the median home price in Verona during August 2018?

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The median sale price of a home sold in August 2018 in Verona fell by $25,000 while total sales decreased by 8.2%, according to BlockShopper.com.

In August 2018, there were 45 homes sold, with a median sale price of $265,000 - a 8.6% decrease over the $290,000 median sale price for the same period of the previous year. There were 49 homes sold in Verona in August 2017.

The median sales tax in Verona for 2018 was $5,547. In 2017, the median sales tax was $5,396. This marks an increase of 2.8%. 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 Verona to other Dane County cities with similar median sale prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Blue Mounds3250%$341,900$310,35010.2%
Fitchburg695623.2%$312,000$261,25019.4%
Windsor2631-16.1%$295,000$275,5007.1%
Cottage Grove1622-27.3%$289,500$276,0004.9%
Middleton5560-8.3%$286,000$324,500-11.9%
Verona4549-8.2%$265,000$290,000-8.6%
McFarland321788.2%$263,000$280,000-6.1%
Cambridge5366.7%$257,500$130,00098.1%
Madison594666-10.8%$254,150$245,0003.7%
Mount Horeb271850%$250,000$267,500-6.5%
Sun Prairie1119714.4%$250,000$247,0001.2%

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