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Saturday, November 2, 2024

What happened to the median home price in Fox Point 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 Fox Point rose by $9,400 while total sales decreased by 21.1%, according to BlockShopper.com.

From January through June of 2020, there were 97 homes sold, with a median sale price of $315,000 - a 3.1% increase over the $305,600 median sale price for the same period of the previous year. There were 123 homes sold in Fox Point in the first half of 2019.

The median sales tax in Fox Point for the most recent year with available data, 2017, was $8,045, approximately 2.6% of the median home sale price for the first half of 2020.

The following table compares Fox Point 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)
River Hills25244.2%$525,000$590,450-11.1%
Whitefish Bay199239-16.7%$423,000$365,00015.9%
Shorewood685621.4%$403,175$321,25025.5%
Bayside6781-17.3%$365,000$339,9007.4%
Fox Point97123-21.1%$315,000$305,6003.1%
Franklin368385-4.4%$265,950$248,0007.2%
Wauwatosa5845604.3%$245,000$240,9001.7%
Oak Creek290307-5.5%$233,000$223,0004.5%
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%

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