Is West Allis, 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, 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 in West Allis, WI
How much do homes in West Allis, WI cost?
Median Sold Price
$240,700
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Allis have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in West Allis was $240,700 in April 2024, up 9.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113K | $105.5K | -6.6% |
| 2 Bedrooms | $171K | $198K | +15.8% |
| 3 Bedrooms | $227.8K | $250K | +9.7% |
| 4 Bedrooms | $243K | $249.5K | +2.7% |
| 5+ Bedrooms | $260K | $288K | +10.8% |
Summary: West Allis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Wauwatosa | $340K | $375.6K | +10.5% |
| West Allis | $220K | $240.7K | +9.4% |
| Greenfield | $257.9K | $282.2K | +9.4% |
| Milwaukee | $225K | $234.7K | +4.3% |
Housing Supply in West Allis, WI
How many homes are available in West Allis, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 123 | +18.3% |
Summary: The West Allis real estate market had 123 homes for sale in April 2024, a 18.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 38 | +58.3% |
| 3 Bedrooms | 55 | 66 | +20.0% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The West Allis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Allis, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in West Allis in April 2024, up by 11.1% month-over-month. Of the 40 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for West Allis, WI
We’re sorry, we don't have information for this market at the moment
