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Saturday, November 2, 2024

The first half of 2017: Home prices in River Hills fell

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The median sale price of a home sold in the first half of 2017 in River Hills fell by $76,000 while total sales decreased by 41.9%, according to BlockShopper.com.

From January through June of 2017, there were 18 homes sold, with a median sale price of $464,000 - a 14.1% decrease over the $540,000 median sale price for the same period of the previous year. There were 31 homes sold in River Hills in the first half of 2016.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 3.4% of the median home sale price for the first half of 2017.

The following table compares River Hills 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)
River Hills1831-41.9%$464,000$540,000-14.1%
Whitefish Bay2152102.4%$356,100$340,3254.6%
Shorewood726020%$330,000$348,950-5.4%
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%

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