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Saturday, November 2, 2024

Falling home prices in River Hills in the first half of 2020

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the first half of 2020 in River Hills fell by $65,450 while total sales increased by 4.2%, according to BlockShopper.com.

From January through June of 2020, there were 25 homes sold, with a median sale price of $525,000 - a 11.1% decrease over the $590,450 median sale price for the same period of the previous year. There were 24 homes sold in River Hills in the first half of 2019.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 3% of the median home sale price for the first half of 2020.

The following table compares River Hills 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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