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Saturday, November 2, 2024

What happened to the median home price in South 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 South Milwaukee rose by $10,000 while total sales decreased by 7.1%, according to BlockShopper.com.

From January through June of 2020, there were 208 homes sold, with a median sale price of $160,000 - a 6.7% increase over the $150,000 median sale price for the same period of the previous year. There were 224 homes sold in South Milwaukee in the first half of 2019.

The median sales tax in South Milwaukee for the most recent year with available data, 2017, was $4,049, approximately 2.5% of the median home sale price for the first half of 2020.

The following table compares South 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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