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Monday, November 25, 2024

May 2020: Home prices in Franklin increased

Realestate1

The median sale price of a home sold in May 2020 in Franklin rose by $18,450 while total sales decreased by 15.1%, according to BlockShopper.com.

In May 2020, there were 62 homes sold, with a median sale price of $265,450 - a 7.5% increase over the $247,000 median sale price for the same period of the previous year. There were 73 homes sold in Franklin in May 2019.

The median sales tax in Franklin for the most recent year with available data, 2017, was $5,881, approximately 2.2% of the median home sale price for May 2020.

The following table compares Franklin 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)
Whitefish Bay3753-30.2%$525,000$365,00043.8%
Shorewood910-10%$399,900$384,5004%
Bayside1116-31.3%$383,000$369,8503.6%
River Hills45-20%$377,819.50$770,000-50.9%
Fox Point1425-44%$340,750$293,00016.3%
Franklin6273-15.1%$265,450$247,0007.5%
Wauwatosa119131-9.2%$246,000$259,000-5%
Greendale3138-18.4%$235,000$255,000-7.8%
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%

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