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Monday, November 4, 2024

What happened to the median home price in River Hills during the first half of 2018?

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The median sale price of a home sold in the first half of 2018 in River Hills fell by $64,700 while total sales increased by 33.3%, according to BlockShopper.com.

From January through June of 2018, there were 24 homes sold, with a median sale price of $399,300 - a 13.9% decrease over the $464,000 median sale price for the same period of the previous year. There were 18 homes sold in River Hills in the first half of 2017.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 3.9% of the median home sale price for the first half of 2018.

The following table compares River Hills 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)
River Hills241833.3%$399,300$464,000-13.9%
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%

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