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Monday, November 4, 2024

Rising home prices in Franklin in the first half of 2018

Realestate2

The median sale price of a home sold in the first half of 2018 in Franklin rose by $900 while total sales increased by 1.9%, according to BlockShopper.com.

From January through June of 2018, there were 425 homes sold, with a median sale price of $230,800 - a 0.4% increase over the $229,900 median sale price for the same period of the previous year. There were 417 homes sold in Franklin in the first half of 2017.

The median sales tax in Franklin for the most recent year with available data, 2017, was $5,881, approximately 2.5% of the median home sale price for the first half of 2018.

The following table compares Franklin 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)
Whitefish Bay2152150%$380,000$356,1006.7%
Shorewood6072-16.7%$357,450$330,0008.3%
Bayside82793.8%$319,550$281,00013.7%
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%

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