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Tuesday, November 5, 2024

May 2018: Milwaukee experienced a 2.3% drop in median home prices

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The median sale price of a home sold in May 2018 in Milwaukee fell by $2,400 while total sales increased by 93%, according to BlockShopper.com.

In May 2018, there were 1,025 homes sold, with a median sale price of $102,000 - a 2.3% decrease over the $104,400 median sale price for the same period of the previous year. There were 531 homes sold in Milwaukee in May 2017.

The median sales tax in Milwaukee for the most recent year with available data, 2018, was $2,981, approximately 2.9% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Oak Creek5266-21.2%$217,050$216,0000.5%
Hales Corners19185.6%$202,000$212,950-5.1%
Glendale48472.1%$183,950$179,9002.3%
Greenfield8794-7.4%$157,800$155,4001.5%
St. Francis302615.4%$142,350$138,0003.2%
South Milwaukee4344-2.3%$140,000$129,0008.5%
Brown Deer382835.7%$136,000$151,350-10.1%
West Milwaukee7540%$135,000$136,500-1.1%
West Allis148170-12.9%$135,000$134,4500.4%
Cudahy39390%$131,500$140,000-6.1%
Milwaukee1,02553193%$102,000$104,400-2.3%

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