April: River Hills experienced a 41.6% drop in median home prices

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The median sale price of a home sold in April in River Hills fell by $293,250 while total sales decreased by 30.8 percent, according to BlockShopper.com.

In April, there were nine homes sold, with a median sale price of $411,750 - a 41.6 percent decrease from the $705,000 median sale price for the same period of the previous year. There were 13 homes sold in River Hills in April 2021.

The median sales tax in River Hills for the most recent year with available data, 2017, was $15,568, approximately 3.8 percent of the median home sale price for April.

The following table compares River Hills to other Milwaukee County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Whitefish Bay393511.4$480,000$405,00018.5
Fox Point161060$425,000$505,000-15.8
River Hills913-30.8$411,750$705,000-41.6
Hales Corners1317-23.5$370,200$270,50036.9
Oak Creek4852-7.7$262,100$242,9507.9
St. Francis1828-35.7$242,000$187,00029.4

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