Town of Lake is a south side neighborhood situated in Milwaukee, Wisconsin. Town of Lake is one of Milwaukee's original townships that was formed in the late 1830's. Town of Lake is home to Mitchell Airport Park and within close proximity to General Mitchell International Airport. Town of Lake currently has 10 single family homes for sale with an average list price of $272,280. The average annual property tax for Town of Lake is $4,332.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Town of Lake, i.e. what's hot and what's not. See What's Hot & What's Not in Town of Lake
Town of Lake home sales for the month of July decreased in volume by 36.4% when compared to last year, while the median sale price decreased by 22.4% from $255,000 to $198,000. House sales decreased by 12.5%, while the median sale price decreased by 17% from $238,500 to $198,000.
36
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76
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2020 | 2021 | ||
# of sales per year |
$185,000
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$250,000
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2020 | 2021 | ||
median sale price per year |