Is Wauwatosa, 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, Wauwatosa has remained a Seller's Market.
Key Takeaway
Wauwatosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wauwatosa, WI
How much do homes in Wauwatosa, WI cost?
Median Sold Price
$371,047
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Wauwatosa have sold for 10% more than they did a year ago.
Summary: The median home sold price in Wauwatosa was $371,047 in November 2023, up 10% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $135K | -10.0% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $335.9K | $360K | +7.1% |
| 4 Bedrooms | $393.9K | $435K | +10.4% |
| 5+ Bedrooms | $425K | $775K | +82.4% |
Summary: Wauwatosa housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 82.4%.
Median Sold Price Compared To Nearby Cities
| Elm Grove | $530K | $625K | +17.9% |
| West Allis | $210K | $235K | +11.9% |
| Butler | $234K | $260K | +11.1% |
| Wauwatosa | $337.2K | $371K | +10.0% |
| Milwaukee | $224.9K | $230K | +2.3% |
Housing Supply in Wauwatosa, WI
How many homes are available in Wauwatosa, WI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 119 | 108 | -9.2% |
Summary: The Wauwatosa real estate market had 108 homes for sale in November 2023, a 9.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 65 | 57 | -12.3% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wauwatosa 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 decreased by 7.1%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 48 | 34 | -29.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wauwatosa, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Wauwatosa in November 2023, down by 29.2% month-over-month. Of the 34 sold homes, 29% were sold under asking, 9% were sold at asking, and 62% were sold over asking.
