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Saturday, November 2, 2024

December 2020: River Hills experienced a 18.8% drop in median home prices

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The median sale price of a home sold in December 2020 in River Hills fell by $146,170 while total sales increased by 250%, according to BlockShopper.com.

In December 2020, there were seven homes sold, with a median sale price of $631,115 - a 18.8% decrease over the $777,285 median sale price for the same period of the previous year. There were two homes sold in River Hills in December 2019.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 2.5% of the median home sale price for December 2020.

The following table compares River Hills to other Milwaukee County cities with similar median sale prices in December 2020:

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
River Hills72250%$631,115$777,285-18.8%
Shorewood914-35.7%$426,000$371,10014.8%
Whitefish Bay362733.3%$366,300$349,0005%
Bayside161060%$357,300$324,50010.1%
Fox Point281855.6%$324,950$384,750-15.5%
Franklin1247957%$263,950$236,40011.7%
Greendale3138-18.4%$258,000$211,20022.2%
Wauwatosa13610825.9%$250,000$243,4502.7%
Hales Corners2010100%$248,000$227,5009%
Oak Creek685621.4%$235,000$214,2009.7%
Glendale453145.2%$220,000$181,00021.5%

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