In March 2018, there were seven homes sold, with a median sale price of $725,000 - a 101.4% increase over the $360,000 median sale price for the same period of the previous year. There were five homes sold in Shorewood Hills in March 2017.
The median sales tax in Shorewood Hills for 2018 was $11,449. In 2017, the median sales tax was $11,775. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Shorewood Hills to other Dane County cities with similar median sale prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Shorewood Hills | 7 | 5 | 40% | $725,000 | $360,000 | 101.4% |
| Maple Bluff | 5 | 8 | -37.5% | $680,000 | $496,250 | 37% |
| Blue Mounds | 1 | 0 | - | $421,200 | $0 | - |
| Waunakee | 27 | 37 | -27% | $337,250 | $336,120 | 0.3% |
| Middleton | 36 | 30 | 20% | $300,000 | $256,250 | 17.1% |
| Fitchburg | 44 | 37 | 18.9% | $283,750 | $256,700 | 10.5% |
| McFarland | 19 | 16 | 18.8% | $272,000 | $309,590 | -12.1% |
| Mount Horeb | 17 | 24 | -29.2% | $265,000 | $190,000 | 39.5% |
| Verona | 34 | 36 | -5.6% | $258,500 | $262,450 | -1.5% |
| Madison | 462 | 438 | 5.5% | $247,800 | $229,550 | 8% |
| Cross Plains | 10 | 8 | 25% | $247,000 | $227,174 | 8.7% |
Alerts Sign-up