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Tuesday, November 5, 2024

Falling home prices in Marshall in July 2018

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The median sale price of a home sold in July 2018 in Marshall fell by $49,900 while total sales increased by 240%, according to BlockShopper.com.

In July 2018, there were 17 homes sold, with a median sale price of $215,100 - a 18.8% decrease over the $265,000 median sale price for the same period of the previous year. There were five homes sold in Marshall in July 2017.

The median sales tax in Marshall for 2018 was $3,715. In 2017, the median sales tax was $3,806. This marks an decrease of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Marshall to other Dane County cities with similar median sale prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Sun Prairie119120-0.8%$250,400$250,600-0.1%
Windsor2542-40.5%$241,929$270,500-10.6%
Deerfield770%$235,000$184,00027.7%
DeForest3943-9.3%$228,000$230,000-0.9%
Brooklyn3250%$225,000$155,70044.5%
Marshall175240%$215,100$265,000-18.8%
Stoughton463435.3%$214,400$202,5005.9%
Black Earth660%$207,500$179,90015.3%
Mount Horeb1718-5.6%$190,000$301,200-36.9%
Mazomanie93200%$187,900$187,9000%
Belleville330%$175,000$245,000-28.6%

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