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Tuesday, November 5, 2024

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

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The median sale price of a home sold in the second half of 2017 in Shorewood fell by $11,500 while total sales increased by 23%, according to BlockShopper.com.

From July through December of 2017, there were 91 homes sold, with a median sale price of $301,000 - a 3.7% decrease over the $312,500 median sale price for the same period of the previous year. There were 74 homes sold in Shorewood in the second half of 2016.

The median sales tax in Shorewood for the most recent year with available data, 2017, was $9,693, approximately 3.2% of the median home sale price for the second half of 2017.

The following table compares Shorewood 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)
River Hills262218.2%$599,950$674,500-11.1%
Whitefish Bay216259-16.6%$360,000$350,0002.9%
Bayside6584-22.6%$310,800$280,00011%
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%

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