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Tuesday, November 26, 2024

Milwaukee median home prices rose by 12.8% in October 2021

Realestate1

The median sale price of a home sold in October 2021 in Milwaukee rose by $17,400 while total sales increased by 14%, according to BlockShopper.com.

In October 2021, there were 1,333 homes sold, with a median sale price of $153,000 - a 12.8% increase over the $135,600 median sale price for the same period of the previous year. There were 1,169 homes sold in Milwaukee in October 2020.

The median sales tax in Milwaukee for the most recent year with available data, 2018, was $2,981, approximately 1.9% of the median home sale price for October 2021.

The following table compares Milwaukee to other Milwaukee County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Greendale3144-29.5%$260,000$229,50013.3%
Oak Creek6975-8%$260,000$245,0006.1%
Glendale584141.5%$259,250$198,00030.9%
Greenfield80116-31%$248,500$199,50024.6%
St. Francis25250%$190,000$185,0002.7%
South Milwaukee543842.1%$189,000$178,9505.6%
Brown Deer3743-14%$180,000$150,00020%
Cudahy5158-12.1%$180,000$162,737.5010.6%
West Milwaukee78-12.5%$175,000$132,50032.1%
West Allis1761731.7%$169,250$165,0002.6%
Milwaukee1,3331,16914%$153,000$135,60012.8%

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