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Saturday, November 2, 2024

How did home prices perform in Milwaukee during the first half of 2020?

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The median sale price of a home sold in the first half of 2020 in Milwaukee rose by $17,600 while total sales decreased by 6.1%, according to BlockShopper.com.

From January through June of 2020, there were 5,357 homes sold, with a median sale price of $118,300 - a 17.5% increase over the $100,700 median sale price for the same period of the previous year. There were 5,707 homes sold in Milwaukee in the first half of 2019.

The median sales tax in Milwaukee for the most recent year with available data, 2018, was $2,981, approximately 2.5% of the median home sale price for the first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Greendale144157-8.3%$227,450$230,000-1.1%
Hales Corners5878-25.6%$223,500$232,500-3.9%
Glendale191227-15.9%$199,500$197,9000.8%
Greenfield388434-10.6%$186,350$164,70013.1%
St. Francis105128-18%$167,500$151,50010.6%
Brown Deer185186-0.5%$164,000$152,0007.9%
South Milwaukee208224-7.1%$160,000$150,0006.7%
Cudahy222241-7.9%$145,850$139,5004.6%
West Milwaukee332913.8%$145,000$137,0005.8%
West Allis712774-8%$145,000$138,0005.1%
Milwaukee5,3575,707-6.1%$118,300$100,70017.5%

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