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Tuesday, November 5, 2024

Falling home prices in Cross Plains in May 2018

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The median sale price of a home sold in May 2018 in Cross Plains fell by $55,650 while total sales decreased by 55.6%, according to BlockShopper.com.

In May 2018, there were four homes sold, with a median sale price of $219,850 - a 20.2% decrease over the $275,500 median sale price for the same period of the previous year. There were nine homes sold in Cross Plains in May 2017.

The median sales tax in Cross Plains for 2018 was $4,748. In 2017, the median sales tax was $4,899. This marks an decrease of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Cross Plains to other Dane County cities with similar median sale prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Madison581637-8.8%$249,500$230,0008.5%
Brooklyn31200%$247,000$200,00023.5%
Sun Prairie82122-32.8%$246,748$219,95012.2%
Dane13-66.7%$241,000$266,500-9.6%
Oregon2740-32.5%$230,000$229,2000.3%
Cross Plains49-55.6%$219,850$275,500-20.2%
Black Earth770%$206,000$125,00064.8%
Stoughton4347-8.5%$200,000$166,90019.8%
Windsor2739-30.8%$186,000$205,000-9.3%
Mount Horeb27263.8%$176,676$210,576.50-16.1%
Mazomanie38-62.5%$154,900$101,50052.6%

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