Wauwatosa , WI Real Estate

Wauwatosa Real Estate

Located in Milwaukee County, the City of Wauwatosa is known as a white-collar community. Wauwatosa has a healthy mixture of upscale homes, office buildings, retail developments and medical facilities. The city’s main commercial district is Mayfair Road, which is lined with office buildings, a variety of restaurants and Mayfair Mall. Industrial activity is concentrated at the northern end of the city, where JC Penney has a major catalog warehouse and Briggs. The city is considered one of the more desirable living areas in Milwaukee County, because of its central metropolitan location.

Real Estate
The Wauwatosa housing market offers a wide selection of homes. The area’s premier housing includes 3-bedroom ranches, bungalows, two-story colonials and English cottages. The historic Washington Highlands are a sought-after residential location, but there are many charming subdivisions. The average cost of a home in Wauwatosa is $201,200.

Amenities
Wauwatosa provides many recreational opportunities to its residents with its village shopping experience, restaurant district and unique park system-golf courses.

Mayfair Mall, one of the most popular regional shopping centers in Milwaukee.

See real estate for sale Wauwatosa , WI.  

 

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Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Madison Elementary School (Wauwatosa) Wauwatosa School District public 349 15 Madison Elementary School GreatSchools Rating
McKinley Elementary School (Wauwatosa) Wauwatosa School District public 413 16 McKinley Elementary School GreatSchools Rating
Roosevelt Elementary School (Wauwatosa) Wauwatosa School District public 500 17 Roosevelt Elementary School GreatSchools Rating
Underwood Elementary School (Wauwatosa) Wauwatosa School District public 294 13 Underwood Elementary School GreatSchools Rating
Washington Elementary School (Wauwatosa) Wauwatosa School District public 379 16 Washington Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Pilgrim Lutheran School (Wauwatosa) private 250 Not Provided Pilgrim Lutheran School GreatSchools Rating
St John's Evangelical Lutheran School (Wauwatosa) private 0 Not Provided St John's Evangelical Lutheran School GreatSchools Rating
St. Joseph Elementary School (Wauwatosa) private 0 Not Provided St. Joseph Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Milwaukee Academy (Wauwatosa) private 21 Not Provided Milwaukee Academy GreatSchools Rating
Plank Road Complex (Wauwatosa) Wauwatosa School District public 92 4 Plank Road Complex GreatSchools Rating
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Market Conditions

Market Conditions for Wauwatosa

November 2016

Median Sale Price
$218,000

 UP 2.34%
vs. Month Ago
Homes for Sale
140

 DOWN -9.67%
vs. Month Ago
Homes Sold
44

 DOWN -8.33%
vs. Month Ago
Avg Days on Market
52

 DOWN -3.70%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $218,000. The median sales price for homes in November rose by $5,000 compared to last month. This represents a 2.34% increase from October. Compared to the same month last year, the median price of homes rose by $23,000 representing a 11.79% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale fell by 15 in November to 140. This represents 9.67% decrease from October when 155 homes were on the market. Compared to the same month last year when there were 186 homes for sale, the inventory of homes for sale has fallen by 46 representing a -24.73% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale fell by 15 in November to 140. This represents 9.67% decrease from October when 155 homes were on the market. Compared to the same month last year when there were 186 homes for sale, the inventory of homes for sale has fallen by 46 representing a -24.73% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in November (52) decreased by 2 days compared to October. This represents a 3.7% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 5, a -8.77% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 96.25% in November rose by 1.87% compared to October and increased 2.4% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in November (44) fell by 17 compared to October, a 27.86% change. Compared to November 2015, the number of new listings increased by 8, a 22.22% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in November was $217,450. The median list price for homes in November rose by $4,550 compared to last month. This represents a 2.13% increase from October. Compared to the same month last year, the median list price of homes increased $23,450 representing a 12.08% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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