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Tuesday, November 5, 2024

Median home prices in Franklin fell to $225,000 in May 2018

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The median sale price of a home sold in May 2018 in Franklin fell by $7,000 while total sales increased by 14.8%, according to BlockShopper.com.

In May 2018, there were 93 homes sold, with a median sale price of $225,000 - a 3% decrease over the $232,000 median sale price for the same period of the previous year. There were 81 homes sold in Franklin in May 2017.

The median sales tax in Franklin for the most recent year with available data, 2017, was $5,881, approximately 2.6% of the median home sale price for May 2018.

The following table compares Franklin 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)
Whitefish Bay3243-25.6%$393,200$332,00018.4%
Shorewood1215-20%$377,450$300,00025.8%
Bayside13130%$343,800$358,000-4%
Fox Point282227.3%$275,200$272,5001%
Greendale3839-2.6%$233,100$189,90022.7%
Franklin938114.8%$225,000$232,000-3%
Wauwatosa12210911.9%$220,000$215,0002.3%
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%

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