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Monday, November 4, 2024

South Milwaukee median home prices rose by 7% in the first half of 2017

Re 5

The median sale price of a home sold in the first half of 2017 in South Milwaukee rose by $9,000 while total sales increased by 5.7%, according to BlockShopper.com.

From January through June of 2017, there were 222 homes sold, with a median sale price of $136,750 - a 7% increase over the $127,750 median sale price for the same period of the previous year. There were 210 homes sold in South Milwaukee in the first half of 2016.

The median sales tax in South Milwaukee for the most recent year with available data, 2017, was $4,049, approximately 3% of the median home sale price for the first half of 2017.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Oak Creek35129718.2%$199,400$196,5001.5%
Greendale17113724.8%$195,000$199,100-2.1%
Glendale24020815.4%$175,000$172,2501.6%
Greenfield44234129.6%$155,350$134,00015.9%
Brown Deer16314413.2%$145,000$125,40015.6%
South Milwaukee2222105.7%$136,750$127,7507%
St. Francis14812815.6%$134,450$136,469-1.5%
Cudahy2632572.3%$130,000$125,0004%
West Allis8387738.4%$125,000$115,6008.1%
West Milwaukee3753-30.2%$119,500$120,000-0.4%
Milwaukee2,9742,7308.9%$85,200$82,6503.1%

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