Is Oak Creek, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$350,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Creek was $350,000 in April 2024, up 3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.9K | $200K | +13.1% |
2 Bedrooms | $223.5K | $242.5K | +8.5% |
3 Bedrooms | $349K | $362.2K | +3.8% |
4 Bedrooms | $440K | $429K | -2.5% |
5+ Bedrooms | $575K | $651.5K | +13.3% |
Summary: Oak Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $244.9K | $260K | +6.1% |
Caledonia | $333K | $350K | +5.1% |
Cudahy | $235K | $245K | +4.3% |
Milwaukee | $225K | $234.7K | +4.3% |
Oak Creek | $339.9K | $350K | +3.0% |
Housing Supply in Oak Creek, WI
How many homes are available in Oak Creek, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 69 | +32.7% |
Summary: The Oak Creek real estate market had 69 homes for sale in April 2024, a 32.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 22 | 33 | +50.0% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Oak Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 27 | +80.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Oak Creek in April 2024, up by 80.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 4% were sold at asking, and 70% 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