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Tuesday, November 5, 2024

February 2018: Home prices in Franklin fell

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The median sale price of a home sold in February 2018 in Franklin fell by $6,867 while total sales increased by 36.8%, according to BlockShopper.com.

In February 2018, there were 52 homes sold, with a median sale price of $221,083 - a 3% decrease over the $227,950 median sale price for the same period of the previous year. There were 38 homes sold in Franklin in February 2017.

The median sales tax in Franklin for the most recent year with available data, 2017, was $5,881, approximately 2.7% of the median home sale price for February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Shorewood39-66.7%$288,200$300,000-3.9%
Whitefish Bay231643.8%$287,400$381,000-24.6%
Bayside711-36.4%$255,000$240,9005.9%
Fox Point511-54.5%$240,000$210,10014.2%
Hales Corners78-12.5%$231,000$215,0007.4%
Franklin523836.8%$221,083$227,950-3%
Oak Creek494411.4%$201,100$192,3504.5%
Glendale2930-3.3%$198,000$180,3509.8%
Wauwatosa74705.7%$190,000$185,4502.5%
Greendale2022-9.1%$178,050$163,8758.6%
St. Francis1320-35%$170,000$123,30037.9%

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