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Tuesday, November 5, 2024

The first half of 2018: Oak Creek experienced a 3.7% increase in median home prices

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The median sale price of a home sold in the first half of 2018 in Oak Creek rose by $7,400 while total sales decreased by 14.5%, according to BlockShopper.com.

From January through June of 2018, there were 300 homes sold, with a median sale price of $206,800 - a 3.7% increase over the $199,400 median sale price for the same period of the previous year. There were 351 homes sold in Oak Creek in the first half of 2017.

The median sales tax in Oak Creek for the most recent year with available data, 2017, was $4,857, approximately 2.3% of the median home sale price for the first half of 2018.

The following table compares Oak Creek to other Milwaukee County cities with similar median sale prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Fox Point109128-14.8%$315,000$261,507.5020.5%
Hales Corners6992-25%$232,500$224,4753.6%
Franklin4254171.9%$230,800$229,9000.4%
Wauwatosa591617-4.2%$219,900$215,0002.3%
Greendale1871719.4%$210,000$195,0007.7%
Oak Creek300351-14.5%$206,800$199,4003.7%
Glendale223240-7.1%$181,900$175,0003.9%
Greenfield4544422.7%$152,025$155,350-2.1%
St. Francis129148-12.8%$147,000$134,4509.3%
South Milwaukee2432229.5%$145,000$136,7506%
Brown Deer1791639.8%$142,000$145,000-2.1%

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