Is West Allis, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, West Allis has remained a Seller's Market.
Key Takeaway
West Allis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in West Allis, WI cost?
Median Sold Price
$234,400
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in West Allis have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in West Allis was $234,400 in August 2023, up 14.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $180K | +68.2% |
| 2 Bedrooms | $171K | $180.4K | +5.5% |
| 3 Bedrooms | $209.6K | $241.6K | +15.3% |
| 4 Bedrooms | $225K | $255K | +13.3% |
| 5+ Bedrooms | $226.2K | $260K | +14.9% |
Summary: West Allis housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 68.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| West Milwaukee | $175K | $205K | +17.1% |
| West Allis | $204.7K | $234.4K | +14.5% |
| Wauwatosa | $324.5K | $360.8K | +11.2% |
| Greenfield | $243.2K | $265K | +9.0% |
| Milwaukee | $219.9K | $229.9K | +4.5% |
Housing Supply
How many homes are available in West Allis, WI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 161 | 150 | -6.8% |
Summary: The West Allis real estate market had 150 homes for sale in August 2023, a 6.8% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 96 | 85 | -11.5% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The West Allis housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 70 | 57 | -18.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Allis, you could pay more than the asking price. 77.2% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in West Allis in August 2023, down by 18.6% month-over-month. Of the 57 sold homes, 11% were sold under asking, 12% were sold at asking, and 77% were sold over asking.
