Is West Allis, 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, West Allis has remained a Seller's Market.
Housing Prices in West Allis, WI
How much do homes in West Allis, WI cost?
Median Sold Price
$240,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Allis was $240,000 in March 2024, up 9.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113K | $115.2K | +2.0% |
2 Bedrooms | $173K | $195K | +12.7% |
3 Bedrooms | $227.6K | $249.3K | +9.5% |
4 Bedrooms | $243K | $245K | +0.8% |
5+ Bedrooms | $260K | $285.5K | +9.8% |
Summary: West Allis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Wauwatosa | $340K | $380K | +11.8% |
Greenfield | $255.9K | $284.9K | +11.3% |
West Allis | $220K | $240K | +9.1% |
Milwaukee | $225K | $231.9K | +3.1% |
Housing Supply in West Allis, WI
How many homes are available in West Allis, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 104 | +28.4% |
Summary: The West Allis real estate market had 104 homes for sale in March 2024, a 28.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 34 | 54 | +58.8% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Allis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 58.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in West Allis in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 31% were sold under asking, 14% were sold at asking, and 54% were sold over asking.
Days on Market for West Allis, WI
How long does it take to sell a home in West Allis, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in West Allis; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.