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Monday, November 25, 2024

What happened to the median home price in River Hills during May 2020?

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The median sale price of a home sold in May 2020 in River Hills fell by $392,181 while total sales decreased by 20%, according to BlockShopper.com.

In May 2020, there were four homes sold, with a median sale price of $377,820 - a 50.9% decrease over the $770,000 median sale price for the same period of the previous year. There were five homes sold in River Hills in May 2019.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 4.1% of the median home sale price for May 2020.

The following table compares River Hills 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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