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Tuesday, November 5, 2024

Pricing for the median home in River Hills decreased during the second half of 2017

Realestate4

The median sale price of a home sold in the second half of 2017 in River Hills fell by $74,550 while total sales increased by 18.2%, according to BlockShopper.com.

From July through December of 2017, there were 26 homes sold, with a median sale price of $599,950 - a 11.1% decrease over the $674,500 median sale price for the same period of the previous year. There were 22 homes sold in River Hills in the second half of 2016.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 2.6% of the median home sale price for the second half of 2017.

The following table compares River Hills 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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