$4,749 Closing Credit*
$399,900
2,124 SqFt
3 Beds
•1 Full Bath, 1 Partial
#1899377, Tracy Stefaniak Borgardt, Listing Office: The Stefaniak Group, LLC
Is Oak Creek, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oak Creek has remained a Seller's Market.
Key Takeaway
Oak Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Creek, WI
How much do homes in Oak Creek, WI cost?
Median Sold Price
$367,666
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,166(+4.3%)
Key Takeaway
Homes in Oak Creek have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Oak Creek was $367,666 in October 2024, up 4.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $197.9K | -2.0% |
| 2 Bedrooms | $240K | $244K | +1.7% |
| 3 Bedrooms | $355K | $375K | +5.6% |
| 4 Bedrooms | $435K | $430K | -1.1% |
| 5+ Bedrooms | $687.5K | $672.5K | -2.2% |
Summary: Oak Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Milwaukee | $229.9K | $245.5K | +6.8% |
| Oak Creek | $352.5K | $367.6K | +4.3% |
| Cudahy | $240K | $250K | +4.2% |
| South Milwaukee | $255K | $265K | +3.9% |
| Caledonia | $350K | $359.5K | +2.7% |
Housing Supply in Oak Creek, WI
How many homes are available in Oak Creek, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 89 | +11.3% |
Summary: The Oak Creek real estate market had 89 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 45 | 51 | +13.3% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Oak Creek housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 29 | +107.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Creek, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Oak Creek in October 2024, up by 107.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 14% were sold at asking, and 31% 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
