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Tuesday, November 5, 2024

December 2017: River Hills experienced a 37.1% drop in median home prices

Realestate2

The median sale price of a home sold in December 2017 in River Hills fell by $427,500 while total sales increased by 50%, according to BlockShopper.com.

In December 2017, there were three homes sold, with a median sale price of $725,000 - a 37.1% decrease over the $1,152,500 median sale price for the same period of the previous year. There were two homes sold in River Hills in December 2016.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 2.1% of the median home sale price for December 2017.

The following table compares River Hills 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)
River Hills3250%$725,000$1,152,500-37.1%
Whitefish Bay33330%$316,400$306,0003.4%
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%

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