Is Waukesha, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Waukesha has remained a Seller's Market.
Key Takeaway
Waukesha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waukesha, WI
How much do homes in Waukesha, WI cost?
Median Sold Price
$365,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Waukesha have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Waukesha was $365,500 in November 2023, up 7.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.7K | $157.7K | +6.8% |
| 2 Bedrooms | $236K | $251K | +6.4% |
| 3 Bedrooms | $328.2K | $350K | +6.6% |
| 4 Bedrooms | $410K | $440K | +7.3% |
| 5+ Bedrooms | $530K | $550K | +3.8% |
Summary: Waukesha housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Waukesha | $339.8K | $365.5K | +7.6% |
| Pewaukee | $414.3K | $418.3K | +1.0% |
Housing Supply in Waukesha, WI
How many homes are available in Waukesha, WI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 263 | 260 | -1.1% |
Summary: The Waukesha real estate market had 260 homes for sale in November 2023, a 1.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 42 | 45 | +7.1% |
| 3 Bedrooms | 125 | 123 | -1.6% |
| 4 Bedrooms | 71 | 67 | -5.6% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Waukesha housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 77 | 83 | +7.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waukesha, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.
Summary: A total of 83 homes were sold or pending in Waukesha in November 2023, up by 7.8% month-over-month. Of the 83 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
