Is Oconomowoc, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oconomowoc has remained a Seller's Market.
Housing Prices in Oconomowoc, WI
How much do homes in Oconomowoc, WI cost?
Median Sold Price
$511,750
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oconomowoc was $511,750 in April 2024, up 4.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $502.5K | +15.5% |
2 Bedrooms | $372.5K | $324.9K | -12.8% |
3 Bedrooms | $450K | $479.4K | +6.5% |
4 Bedrooms | $532.5K | $575K | +8.0% |
5+ Bedrooms | $645K | $1.1M | +75.2% |
Summary: Oconomowoc housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 75.2%.
Median Sold Price Compared To Nearby Cities
Summit | $620K | $675K | +8.9% |
Oconomowoc | $488K | $511.7K | +4.9% |
Housing Supply in Oconomowoc, WI
How many homes are available in Oconomowoc, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
132 | 148 | +12.1% |
Summary: The Oconomowoc real estate market had 148 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 61 | 70 | +14.8% |
4 Bedrooms | 43 | 47 | +9.3% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Oconomowoc housing inventory by bedroom type for April 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 14.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 26 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Oconomowoc in April 2024, down by 33.3% month-over-month. Of the 26 sold homes, 23% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Oconomowoc, WI
We’re sorry, we don't have information for this market at the moment