Is Menomonee Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Menomonee Falls has remained a Seller's Market.
Key Takeaway
Menomonee Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menomonee Falls, WI
How much do homes in Menomonee Falls, WI cost?
Median Sold Price
$392,166
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Menomonee Falls have sold for 12% more than they did a year ago.
Summary: The median home sold price in Menomonee Falls was $392,166 in May 2024, up 12% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.9K | $120K | +1.8% |
| 2 Bedrooms | $246K | $301.5K | +22.6% |
| 3 Bedrooms | $340.1K | $375K | +10.3% |
| 4 Bedrooms | $484.5K | $540K | +11.5% |
| 5+ Bedrooms | $706K | $700K | -0.8% |
Summary: Menomonee Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Butler | $240K | $270K | +12.5% |
| Menomonee Falls | $350K | $392.1K | +12.0% |
| Brookfield | $426.9K | $467K | +9.4% |
| Lisbon | $500K | $540K | +8.0% |
Housing Supply in Menomonee Falls, WI
How many homes are available in Menomonee Falls, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 129 | +12.2% |
Summary: The Menomonee Falls real estate market had 129 homes for sale in May 2024, a 12.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 60 | 62 | +3.3% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Menomonee Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menomonee Falls, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Menomonee Falls in May 2024, up by 11.4% month-over-month. Of the 39 sold homes, 13% were sold under asking, 18% were sold at asking, and 69% were sold over asking.
Days on Market for Menomonee Falls, WI
We’re sorry, we don't have information for this market at the moment
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