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Monday, December 23, 2024

What happened to the median home price in Fox Point during the second half of 2018?

Realestate1

The median sale price of a home sold in the second half of 2018 in Fox Point rose by $61,500 while total sales decreased by 31.4%, according to BlockShopper.com.

From July through December of 2018, there were 94 homes sold, with a median sale price of $356,500 - a 20.8% increase over the $295,000 median sale price for the same period of the previous year. There were 137 homes sold in Fox Point in the second half of 2017.

The median sales tax in Fox Point for the most recent year with available data, 2017, was $8,045, approximately 2.3% of the median home sale price for the second half of 2018.

The following table compares Fox Point to other Milwaukee County cities with similar median sale prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
River Hills292611.5%$600,000$599,9500%
Fox Point94137-31.4%$356,500$295,00020.8%
Shorewood98917.7%$352,250$301,00017%
Whitefish Bay24221612%$342,616.50$360,000-4.8%
Bayside776518.5%$300,000$310,800-3.5%
Franklin4714602.4%$237,500$222,2486.9%
Wauwatosa6716572.1%$234,900$226,0003.9%
Greendale20717716.9%$225,000$210,0007.1%
Oak Creek3473411.8%$225,000$205,0009.8%
Hales Corners83120-30.8%$200,000$204,500-2.2%
Glendale218237-8%$184,200$177,0004.1%

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