In May 2017, there were 30 homes sold, with a median sale price of $253,250 - a 6.6% increase over the $237,500 median sale price for the same period of the previous year. There were 27 homes sold in McFarland in May 2016.
The median sales tax in McFarland for 2017 was $5,027. In 2016, the median sales tax was $4,864. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares McFarland to other Dane County cities with similar median sale prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fitchburg | 68 | 63 | 7.9% | $291,350 | $249,000 | 17% |
| Cross Plains | 9 | 11 | -18.2% | $275,500 | $265,000 | 4% |
| Dane | 3 | 3 | 0% | $266,500 | $274,000 | -2.7% |
| Blue Mounds | 5 | 1 | 400% | $260,000 | $259,500 | 0.2% |
| Verona | 37 | 42 | -11.9% | $255,000 | $213,500 | 19.4% |
| McFarland | 30 | 27 | 11.1% | $253,250 | $237,500 | 6.6% |
| DeForest | 40 | 33 | 21.2% | $231,200 | $190,000 | 21.7% |
| Madison | 637 | 613 | 3.9% | $230,000 | $218,000 | 5.5% |
| Oregon | 40 | 31 | 29% | $229,200 | $214,000 | 7.1% |
| Cottage Grove | 8 | 14 | -42.9% | $220,000 | $190,900 | 15.2% |
| Sun Prairie | 122 | 93 | 31.2% | $219,950 | $225,000 | -2.2% |
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