Is Oak Creek, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oak Creek has remained a Seller's Market.
Housing Prices in Oak Creek, WI
How much do homes in Oak Creek, WI cost?
Median Sold Price
$355,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Creek was $355,000 in March 2024, up 6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.9K | $195.9K | +10.7% |
2 Bedrooms | $222K | $245.2K | +10.5% |
3 Bedrooms | $344K | $360K | +4.7% |
4 Bedrooms | $436K | $430K | -1.4% |
5+ Bedrooms | $570K | $665K | +16.7% |
Summary: Oak Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $240K | $260K | +8.3% |
Oak Creek | $335K | $355K | +6.0% |
Caledonia | $334.5K | $354.3K | +5.9% |
Milwaukee | $225K | $231.9K | +3.1% |
Cudahy | $240K | $241.7K | +0.7% |
Housing Supply in Oak Creek, WI
How many homes are available in Oak Creek, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Summary: The Oak Creek real estate market had 51 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oak Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Oak Creek in March 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Oak Creek, WI
We’re sorry, we don't have information for this market at the moment