Is Wauwatosa, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$380,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wauwatosa have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Wauwatosa was $380,000 in March 2024, up 11.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $135K | -44.9% |
| 2 Bedrooms | $245.2K | $265K | +8.0% |
| 3 Bedrooms | $342.2K | $365K | +6.6% |
| 4 Bedrooms | $393.9K | $435K | +10.4% |
| 5+ Bedrooms | $440.4K | $775K | +76.0% |
Summary: Wauwatosa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 76%.
Median Sold Price Compared To Nearby Cities
| Wauwatosa | $340K | $380K | +11.8% |
| Elm Grove | $565K | $625K | +10.6% |
| West Allis | $220K | $240K | +9.1% |
| Milwaukee | $225K | $231.9K | +3.1% |
Housing Supply in Wauwatosa, WI
How many homes are available in Wauwatosa, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 103 | +17.0% |
Summary: The Wauwatosa real estate market had 103 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 49 | 62 | +26.5% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Wauwatosa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wauwatosa, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Wauwatosa in March 2024, up by 14.3% month-over-month. Of the 32 sold homes, 22% were sold under asking, 9% were sold at asking, and 69% were sold over asking.
Days on Market for Wauwatosa, WI
We’re sorry, we don't have information for this market at the moment
