Is Wauwatosa, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wauwatosa is a 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

+$33,830(+10.0%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $150K$135K
-10.0%
2 $250K$250K
0.0%
3 $335.9K$360K
+7.1%
4 $393.9K$435K
+10.4%
5+ $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
+17.9%
West Allis
+11.9%
Butler
+11.1%
Wauwatosa
+10.0%
Milwaukee
+2.3%

Housing Supply in Wauwatosa, WI

How many homes are available in Wauwatosa, WI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
119108-9.2%

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

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 1413
-7.1%
3 6557
-12.3%
4 3330
-9.1%
5+ 78
+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 2023Nov 2023CHANGE
4834-29.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Wauwatosa, WI

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