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Tuesday, November 5, 2024

Median home prices in Madison rose to $264,500 in June 2018

Realestate5

The median sale price of a home sold in June 2018 in Madison rose by $14,500 while total sales decreased by 5.9%, according to BlockShopper.com.

In June 2018, there were 654 homes sold, with a median sale price of $264,500 - a 5.8% increase over the $250,000 median sale price for the same period of the previous year. There were 695 homes sold in Madison in June 2017.

The median sales tax in Madison for 2018 was $5,191. In 2017, the median sales tax was $5,028. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

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

CityJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
McFarland302711.1%$281,500$270,0004.3%
Verona4147-12.8%$280,000$290,000-3.4%
Cambridge4333.3%$271,100$295,000-8.1%
Fitchburg79772.6%$267,500$271,900-1.6%
Oregon3051-41.2%$267,500$249,9007%
Madison654695-5.9%$264,500$250,0005.8%
DeForest3847-19.1%$263,500$231,00014.1%
Cottage Grove302236.4%$260,212.50$249,2504.4%
Mount Horeb282512%$252,250$272,441-7.4%
Sun Prairie12010415.4%$249,909.50$249,0000.4%
Dane51400%$241,000$290,500-17%

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