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Monday, November 25, 2024

Milwaukee home prices rose in May 2020

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The median sale price of a home sold in May 2020 in Milwaukee rose by $19,400 while total sales decreased by 32.3%, according to BlockShopper.com.

In May 2020, there were 811 homes sold, with a median sale price of $132,900 - a 17.1% increase over the $113,500 median sale price for the same period of the previous year. There were 1,198 homes sold in Milwaukee in May 2019.

The median sales tax in Milwaukee for the most recent year with available data, 2018, was $2,981, approximately 2.2% of the median home sale price for May 2020.

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

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Oak Creek5870-17.1%$234,000$239,750-2.4%
Glendale3154-42.6%$221,500$208,2506.4%
Hales Corners1316-18.8%$210,000$223,600-6.1%
Greenfield5195-46.3%$172,100$174,900-1.6%
St. Francis1529-48.3%$167,000$163,8002%
Cudahy3643-16.3%$158,000$144,5009.3%
West Allis111166-33.1%$154,300$145,0006.4%
West Milwaukee14-75%$150,000$124,00021%
South Milwaukee3044-31.8%$147,350$164,012.50-10.2%
Milwaukee8111,198-32.3%$132,900$113,50017.1%
Brown Deer29277.4%$102,000$144,270-29.3%

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