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Monday, November 25, 2024

May 2020: Home prices in South Milwaukee fell

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The median sale price of a home sold in May 2020 in South Milwaukee fell by $16,663 while total sales decreased by 31.8%, according to BlockShopper.com.

In May 2020, there were 30 homes sold, with a median sale price of $147,350 - a 10.2% decrease over the $164,013 median sale price for the same period of the previous year. There were 44 homes sold in South Milwaukee in May 2019.

The median sales tax in South Milwaukee for the most recent year with available data, 2017, was $4,049, approximately 2.7% of the median home sale price for May 2020.

The following table compares South 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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