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Monday, November 4, 2024

Falling home prices in Oak Creek in December 2017

Realestate2

The median sale price of a home sold in December 2017 in Oak Creek fell by $6,500 while total sales decreased by 2%, according to BlockShopper.com.

In December 2017, there were 48 homes sold, with a median sale price of $192,500 - a 3.3% decrease over the $199,000 median sale price for the same period of the previous year. There were 49 homes sold in Oak Creek in December 2016.

The median sales tax in Oak Creek for the most recent year with available data, 2017, was $4,857, approximately 2.5% of the median home sale price for December 2017.

The following table compares Oak Creek to other Milwaukee County cities with similar median sale prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Bayside613-53.8%$310,450$280,00010.9%
Shorewood12771.4%$282,500$306,500-7.8%
Fox Point2310130%$233,000$225,5503.3%
Wauwatosa8385-2.4%$225,000$179,90025.1%
Franklin5380-33.8%$199,000$200,000-0.5%
Oak Creek4849-2%$192,500$199,000-3.3%
Greendale21210%$175,000$175,0000%
West Milwaukee35-40%$169,900$83,000104.7%
Hales Corners171070%$166,000$204,950-19%
Glendale282133.3%$156,500$200,000-21.8%
Cudahy3436-5.6%$149,500$106,35040.6%

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