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Monday, November 4, 2024

How did home prices perform in South Milwaukee during the second half of 2017?

Realestate2

The median sale price of a home sold in the second half of 2017 in South Milwaukee rose by $10,200 while total sales decreased by 1.5%, according to BlockShopper.com.

From July through December of 2017, there were 256 homes sold, with a median sale price of $138,200 - a 8% increase over the $128,000 median sale price for the same period of the previous year. There were 260 homes sold in South Milwaukee in the second half of 2016.

The median sales tax in South Milwaukee for the most recent year with available data, 2017, was $4,049, approximately 2.9% of the median home sale price for the second half of 2017.

The following table compares South Milwaukee to other Milwaukee County cities with similar median sale prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Oak Creek341401-15%$205,000$200,0002.5%
Hales Corners12010316.5%$204,500$204,5000%
Glendale2372360.4%$177,000$185,000-4.3%
Greenfield507521-2.7%$156,250$147,2006.1%
Brown Deer213215-0.9%$140,000$132,9005.3%
South Milwaukee256260-1.5%$138,200$128,0008%
St. Francis1421410.7%$135,000$139,900-3.5%
West Milwaukee443429.4%$133,950$98,487.5036%
Cudahy296314-5.7%$130,000$116,70011.4%
West Allis872902-3.3%$129,800$120,0008.2%
Milwaukee3,1923,1650.9%$91,050$84,0008.4%

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