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Tuesday, November 5, 2024

Home prices increased in Fitchburg during May 2018

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The median sale price of a home sold in May 2018 in Fitchburg rose by $11,200 while total sales increased by 14.7%, according to BlockShopper.com.

In May 2018, there were 78 homes sold, with a median sale price of $302,550 - a 3.8% increase over the $291,350 median sale price for the same period of the previous year. There were 68 homes sold in Fitchburg in May 2017.

The median sales tax in Fitchburg for 2018 was $5,824. In 2017, the median sales tax was $5,818. This marks an increase of 0.1%. 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 Fitchburg 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)
Blue Mounds25-60%$1,212,250$260,000366.3%
Maple Bluff9728.6%$940,000$671,75039.9%
McFarland31303.3%$335,000$253,25032.3%
Waunakee49458.9%$316,000$317,600-0.5%
Middleton474211.9%$311,600$292,5506.5%
Fitchburg786814.7%$302,550$291,3503.8%
DeForest3140-22.5%$283,000$231,20022.4%
Deerfield56-16.7%$262,000$217,45020.5%
Verona40378.1%$252,500$255,000-1%
Cottage Grove198137.5%$250,000$220,00013.6%
Madison581637-8.8%$249,500$230,0008.5%

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