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Tuesday, November 5, 2024

Falling home prices in Cambridge in December 2017

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The median sale price of a home sold in December 2017 in Cambridge fell by $92,200 while total sales increased by 14.3%, according to BlockShopper.com.

In December 2017, there were eight homes sold, with a median sale price of $168,000 - a 35.4% decrease over the $260,200 median sale price for the same period of the previous year. There were seven homes sold in Cambridge in December 2016.

The median sales tax in Cambridge for 2017 was $3,603. In 2016, the median sales tax was $3,606. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Cambridge to other Dane County cities with similar median sale prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
DeForest2935-17.1%$223,600$152,50046.6%
Stoughton2426-7.7%$223,500$177,00026.3%
Mount Horeb1526-42.3%$219,000$216,2751.3%
Sun Prairie6871-4.2%$201,204.50$216,800-7.2%
Dane3250%$190,000$274,000-30.7%
Deerfield440%$189,500$272,700-30.5%
Brooklyn63100%$188,750$244,000-22.6%
Cambridge8714.3%$168,000$260,200-35.4%
Blue Mounds12-50%$164,300$241,050-31.8%
Black Earth330%$108,000$205,000-47.3%
Marshall57-28.6%$90,000$164,500-45.3%

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