Is Waukesha, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waukesha has remained a Seller's Market.
Key Takeaway
Waukesha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waukesha, WI
How much do homes in Waukesha, WI cost?
Median Sold Price
$366,875
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waukesha have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Waukesha was $366,875 in May 2024, up 4.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $157K | +1.3% |
| 2 Bedrooms | $240K | $255K | +6.3% |
| 3 Bedrooms | $335.9K | $360K | +7.2% |
| 4 Bedrooms | $428.1K | $440K | +2.8% |
| 5+ Bedrooms | $488.7K | $550K | +12.5% |
Summary: Waukesha housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Pewaukee | $410K | $439.9K | +7.3% |
| Waukesha | $350K | $366.8K | +4.8% |
Housing Supply in Waukesha, WI
How many homes are available in Waukesha, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 243 | 296 | +21.8% |
Summary: The Waukesha real estate market had 296 homes for sale in May 2024, a 21.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 47 | 51 | +8.5% |
| 3 Bedrooms | 110 | 144 | +30.9% |
| 4 Bedrooms | 66 | 79 | +19.7% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Waukesha housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 96 | +26.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waukesha, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 96 homes were sold or pending in Waukesha in May 2024, up by 26.3% month-over-month. Of the 96 sold homes, 14% were sold under asking, 18% were sold at asking, and 69% were sold over asking.
Days on Market for Waukesha, WI
We’re sorry, we don't have information for this market at the moment
