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Saturday, November 2, 2024

How did home prices perform in Oak Creek during the second half of 2020?

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Adobe Stock

Adobe Stock

The median sale price of a home sold in the second half of 2020 in Oak Creek rose by $18,600 while total sales decreased by 2.1%, according to BlockShopper.com.

From July through December of 2020, there were 375 homes sold, with a median sale price of $243,600 - a 8.3% increase over the $225,000 median sale price for the same period of the previous year. There were 383 homes sold in Oak Creek in the second half of 2019.

The median sales tax in Oak Creek for the most recent year with available data, 2017, was $4,857, approximately 2% of the median home sale price for the second half of 2020.

The following table compares Oak Creek to other Milwaukee County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Fox Point15312720.5%$325,000$323,9000.3%
Franklin58249916.6%$272,500$254,0007.3%
Wauwatosa79069314%$260,500$243,0007.2%
Greendale2192151.9%$250,000$230,0008.7%
Hales Corners1066953.6%$248,000$228,0158.8%
Oak Creek375383-2.1%$243,600$225,0008.3%
Glendale2452325.6%$220,000$196,10012.2%
Greenfield55647317.5%$187,750$174,9007.3%
South Milwaukee26722817.1%$179,000$156,75014.2%
St. Francis15912329.3%$170,000$160,0006.3%
Cudahy3203064.6%$165,000$150,00010%

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