Is Menomonee River Hills, 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, Menomonee River Hills has remained a Seller's Market.
Key Takeaway
Menomonee River Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menomonee River Hills, WI
How much do homes in Menomonee River Hills, WI cost?
Median Sold Price
$204,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Menomonee River Hills have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Menomonee River Hills was $204,500 in April 2024, up 5.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132K | $105K | -20.5% |
| 3 Bedrooms | $189.9K | $199.9K | +5.3% |
| 4 Bedrooms | $250K | $226K | -9.6% |
| 5+ Bedrooms | $402.2K | $234K | -41.8% |
Summary: Menomonee River Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 41.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Menomonee River Hills | $194.5K | $204.5K | +5.1% |
| Northwest | $159.7K | $161K | +0.8% |
Housing Supply in Menomonee River Hills, WI
How many homes are available in Menomonee River Hills, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Menomonee River Hills real estate market had 14 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Menomonee River Hills 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 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menomonee River Hills, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Menomonee River Hills in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Menomonee River Hills, WI
We’re sorry, we don't have information for this market at the moment
