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Monday, November 4, 2024

What happened to the median home price in Oak Creek during the first half of 2017?

Realestate077

The median sale price of a home sold in the first half of 2017 in Oak Creek rose by $2,900 while total sales increased by 18.2%, according to BlockShopper.com.

From January through June of 2017, there were 351 homes sold, with a median sale price of $199,400 - a 1.5% increase over the $196,500 median sale price for the same period of the previous year. There were 297 homes sold in Oak Creek in the first 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 first half of 2017.

The following table compares Oak Creek 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)
Bayside796325.4%$281,000$281,300-0.1%
Fox Point12810521.9%$261,507.50$285,000-8.2%
Franklin417459-9.2%$229,900$202,10013.8%
Hales Corners926053.3%$224,475$193,85015.8%
Wauwatosa6175973.4%$215,000$210,0002.4%
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%

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