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Monday, November 25, 2024

Franklin median home prices rose by 21.9% in November 2020

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The median sale price of a home sold in November 2020 in Franklin rose by $51,400 while total sales increased by 26.3%, according to BlockShopper.com.

In November 2020, there were 72 homes sold, with a median sale price of $286,400 - a 21.9% increase over the $235,000 median sale price for the same period of the previous year. There were 57 homes sold in Franklin in November 2019.

The median sales tax in Franklin for the most recent year with available data, 2017, was $5,881, approximately 2.1% of the median home sale price for November 2020.

The following table compares Franklin to other Milwaukee County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
River Hills82300%$910,050$329,500176.2%
Whitefish Bay32306.7%$407,300$381,6006.7%
Bayside145180%$382,500$240,00059.4%
Fox Point191172.7%$325,000$260,00025%
Shorewood111010%$325,000$421,500-22.9%
Franklin725726.3%$286,400$235,00021.9%
Hales Corners213600%$270,000$229,50017.6%
Wauwatosa1129715.5%$257,000$258,400-0.5%
Oak Creek4952-5.8%$239,500$229,3504.4%
Greendale1943-55.8%$235,200$235,400-0.1%
Glendale322814.3%$231,100$182,20026.8%

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