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Tuesday, November 5, 2024

Milwaukee median home prices rose by 18.5% in September 2018

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The median sale price of a home sold in September 2018 in Milwaukee rose by $17,000 while total sales increased by 85.3%, according to BlockShopper.com.

In September 2018, there were 945 homes sold, with a median sale price of $109,000 - a 18.5% increase over the $92,000 median sale price for the same period of the previous year. There were 510 homes sold in Milwaukee in September 2017.

The median sales tax in Milwaukee for the most recent year with available data, 2018, was $2,981, approximately 2.7% of the median home sale price for September 2018.

The following table compares Milwaukee to other Milwaukee County cities with similar median sale prices in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Hales Corners121020%$217,300$224,450-3.2%
Oak Creek675424.1%$215,750$209,0003.2%
Greenfield75102-26.5%$178,300$152,25017.1%
Glendale2636-27.8%$178,000$181,000-1.7%
South Milwaukee4551-11.8%$150,000$141,9005.7%
Brown Deer352352.2%$140,000$140,0000%
West Milwaukee6520%$138,900$122,50013.4%
Cudahy3950-22%$135,900$121,25012.1%
West Allis15513118.3%$134,000$130,0003.1%
St. Francis21210%$128,000$131,000-2.3%
Milwaukee94551085.3%$109,000$92,00018.5%

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