River Hills, WI Real Estate

Incorporated in 1930, River Hills, Wisconsin is a quaint community that is nestled in the middle of the Village of Brown Deer, the City of Glendale, and the City of Milwaukee. River Hills is a place for country living bordering a big city environment. Serviced by I-43, the village is a premiere location for those who need to commute to work, or enjoy the metropolitan area of Milwaukee. The Milwaukee River borders the village. The village provides easy access to downtown Milwaukee and other metro areas. Populated by 1,646 people, River Hills is a magnificent environment to reside in.

River Hills provides a wide selection of single-family residential homes from the 1920s to newly constructed properties. Houses in the village include English Tudors, French Country, Colonials, and Georgian Revivals. Large mansions and estates are also a part of the housing scheme. Residential lots in the area range in upwards of 10 acres with an average of 5 acres.

The housing market also provides exclusive homes in the village. There are secluded houses for those who seek privacy. These homes are constructed in heavily wooded acres of land. River front properties are also for sale in the market. The average cost of a home in the village is $687,100.

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The village has a beautiful landscape that provides many recreational opportunities. The Milwaukee County Club offers a gorgeous 18-hole golf course. The course offers a great experience for amateur and experienced players of the game. The surrounding cities and villages provide major outlets for shopping and dining. The city maintains parks and acres of natural landscape for its residents to enjoy.

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Most of the property lines are about 5 acres due to a ruling to manage all property purchases in 1930. Commercial development was disregarded as a part of the ruling. During that time, residents wanted to keep the natural landscape in tact to retain their country living. Another agreement in their guidelines prohibited street lights, lane lines, sidewalks, and street curbs. Even though the village is incorporated now and developed, proof of the policy guidelines can still be seen today.

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River Hills properties for sale

Market Conditions
Market Conditions for River Hills - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for River Hills

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $248,470. The median sales price for homes in November fell by ($449,030) compared to last month. This represents a 64.37% decrease from October. Compared to the same month last year, the median price of homes fell by ($296,130) representing a -54.37% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 2 in November to 14. This represents 12.5% decrease from October when 16 homes were on the market. Compared to the same month last year when there were 10 homes for sale, the inventory of homes for sale has risen by 4 representing a 40% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 1 homes sold in November was the same as in October. Compared to the same month last year, the number of homes sold decreased by 3, a -75% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in November (45) decreased by 261 days compared to October. This represents a 85.29% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 67, a -59.82% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 95.6% in November rose by 8.27% compared to October and increased 10.05% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in November (5) rose by 1 compared to October, a 25% change. Compared to November 2018, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in November was $679,900. The median list price for homes in November fell by ($28,550) compared to last month. This represents a 4.02% decrease from October. Compared to the same month last year, the median list price of homes decreased ($315,100) representing a -31.66% year-over-year decrease.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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