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Monday, November 4, 2024

The second half of 2017: Oak Creek experienced a 2.5% increase in median home prices

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the second half of 2017 in Oak Creek rose by $5,000 while total sales decreased by 15%, according to BlockShopper.com.

From July through December of 2017, there were 341 homes sold, with a median sale price of $205,000 - a 2.5% increase over the $200,000 median sale price for the same period of the previous year. There were 401 homes sold in Oak Creek in the second half of 2016.

The median sales tax in Oak Creek for the most recent year with available data, 2017, was $4,857, approximately 2.4% of the median home sale price for the second half of 2017.

The following table compares Oak Creek 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)
Shorewood917423%$301,000$312,500-3.7%
Fox Point13711915.1%$295,000$282,5004.4%
Wauwatosa657662-0.8%$226,000$213,3505.9%
Franklin460539-14.7%$222,248$210,8005.4%
Greendale177201-11.9%$210,000$190,00010.5%
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%

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