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Tuesday, November 5, 2024

What happened to the median home price in Oregon during July 2018?

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The median sale price of a home sold in July 2018 in Oregon rose by $17,200 while total sales increased by 35%, according to BlockShopper.com.

In July 2018, there were 54 homes sold, with a median sale price of $251,500 - a 7.3% increase over the $234,300 median sale price for the same period of the previous year. There were 40 homes sold in Oregon in July 2017.

The median sales tax in Oregon for 2018 was $4,767. In 2017, the median sales tax was $4,607. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Oregon 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)
Fitchburg686013.3%$296,377$301,500-1.7%
McFarland27258%$287,000$269,9006.3%
Cottage Grove2124-12.5%$270,000$267,2441%
Verona3037-18.9%$264,850$270,000-1.9%
Madison6746651.4%$264,100$227,50016.1%
Oregon544035%$251,500$234,3007.3%
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%

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