Is Oak Creek, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Oak Creek was $355,000 in February 2024, up 6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.9K | $195.9K | +10.7% |
2 Bedrooms | $223.5K | $245.2K | +9.7% |
3 Bedrooms | $345K | $360K | +4.3% |
4 Bedrooms | $440K | $430K | -2.3% |
5+ Bedrooms | $570K | $687.5K | +20.6% |
Summary: Oak Creek housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $239.2K | $260K | +8.7% |
Oak Creek | $335K | $355K | +6.0% |
Caledonia | $337.5K | $353K | +4.6% |
Cudahy | $235K | $243.5K | +3.6% |
Milwaukee | $225K | $231.1K | +2.7% |
Housing Supply in Oak Creek, WI
How many homes are available in Oak Creek, WI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 43 | +10.3% |
Summary: The Oak Creek real estate market had 43 homes for sale in February 2024, a 10.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oak Creek housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Oak Creek in February 2024, down by 7.7% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% 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