Mequon, WI Real Estate

Mequon, Wisconsin Real Estate

Mequon, Wisconsin is located just 15 minutes north of Milwaukee and is notorious for its abundant farmland and gorgeous scenery. It is the third largest city in Wisconsin by landmass, half of which is undeveloped and mostly farmland. The City of Mequon has one of the lowest tax rates and one of the lowest crime rates in Metropolitan Milwaukee. Surely these two factors played a part in Mequon being named 19th of the 100 Best Places to Live in the United States by CNN’s Money Magazine in 2005.

 

Real Estate in Mequon

Properties for sale in Mequon, Wisconsin are incredibly diverse. Because Mequon is one of the safest neighborhoods near Milwaukee, its housing market is booming and continually expanding. Houses for sale in Mequon are traditional, classic and typically large single-family homes on beautifully manicured lawns. There are also many empty lots that are available to build the house of your dreams. Although Mequon has mostly large, elegant houses for sale, there are also a variety of properties at various price points. Additionally, there are many condominiums, duplexes and apartments for rent and for sale in Mequon, Wisconsin.

 

Living in Mequon

Mequon has an extensive recreation department with activities for all ages, making it one of the best suburbs of Milwaukee. Because Lake Michigan and the Milwaukee River border Mequon, water sports abound in the warmer months. Additionally, there are several private golf and tennis clubs as well as many public golf courses.

Mequon also offers excellent shopping, most of which is centralized in Mequon Pavilion, the largest multi-anchored shopping center in the city. After errands in Bed, Bath and Beyond or Office Depot, stop in at one of many locally owned boutiques. Très Chic Boutique offers a personalized shopping experience with a European feel close to home, while E-Street Denim is the epitome of cool with their wide variety of designer denim and Free People fashion. Check out Sendik’s Market, another business in Mequon Pavilion and Wisconsin’s own gourmet grocer, for some of the best fresh produce in the city.

Mequon’s proximity to Milwaukee makes it a great combination of urban, suburban and rural. While Mequon homeowners love taking a trip to Milwaukee for Summerfest, they have plenty of their own festivals to stay busy! Lobster Fest, a cocktail reception, dinner and live auction complete with a live band, is one of Mequon residents’ favorite ways to raise money for local and international charities. Mequon-Thiensville Sunrise Rotary and Milwaukee North Shore Rotary team up to put on this event that provides a fun date night opportunity!

For family fun in Mequon, be sure to check out Lionsfest in June. Hosted by the Thiensville Mequon Lion’s Club at the Thiensville Village Park, Lionsfest has carnival rides, live music and raffles. All of the proceeds from this exciting festival benefit Lion’s Club charities. Gathering on the Green is another entertaining festival in Mequon that has live showcases of different performing arts at the Mequon Rotary Park.

While the festivals provide the thrill of an annual event, Mequon has plenty to offer on a consistent basis. Check out a book at the Frank L. Weyenberg Library or bring the whole family to the library’s story times year-round on Wednesdays and Saturdays. They even feature finger puppets! For some added spice in the otherwise quaint city of Mequon, test drive a Harley at Suburban Motors, Mequon’s own Harley-Davidson Dealership.

One of Mequon residents’ favorite summer past-times is a trip to a Chinooks baseball game. The Chinooks play in a summer baseball league for some of the most promising college players – your family could even volunteer as a host family for a future MLB star! Children love participating in the Minnow Race during the games. Similar to the Sausage Race at Brewer’s games, the Minnow Race features children dressed as minnows running the bases between innings!

 

Mequon Schools

When the summer fun is over, Mequon boasts some of the best schools in Wisconsin. In fact, the Mequon-Thiensville School District ranked third on Forbes “Best Schools for your Housing Buck” in 2013. The Mequon-Thiensville School District, which services Mequon and nearby Thiensville, also had the highest district report cards for K-12 Districts in Wisconsin. For higher education, Concordia University Wisconsin and the North Campus of Milwaukee Area Technical College are both located in Mequon. The short drive to Milwaukee also gives Mequon residents access to Marquette University, Milwaukee Institute of Art and Design, University of Wisconsin – Milwaukee and Milwaukee School of Engineering.

 

Business in Mequon

Mequon is also an excellent city in which to build a business. There are over 300 businesses in Mequon as well as an industrial park that contains both small and mid-sized firms. Mequon is also home to Rockwell Automation. Mequon has a proven stable and growing business climate under the Mequon Chamber of Commerce, all surrounded by the calm of a suburban atmosphere.

 

History of Mequon

In 1839, Irish and German immigrants first settled in Mequon, Wisconsin. Many immigrants also came directly from the state of New York. These very distinct groups of people came together to develop the land into a peaceful suburban retreat. Today, Mequon stands up to its tagline by “Preserving Quality of Life” above all else.

To find homes for sale in Mequon, click here.

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Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Steffen Middle School (Mequon) Mequon-Thiensville School District public 410 16 Steffen Middle School GreatSchools Rating
Trinity Lutheran School (Mequon) private 146 Not Provided Trinity Lutheran School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 25,375 87,659 5,687,217
Total Households 10,260 34,542 2,286,339
Total Families 7,473 24,708 1,476,860
Population Density 1,119 3,055 437,888
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 83% 69% 55%
Blue Collar Jobs 17% 31% 45%

Top Occupations

Professions Population Employed
Healthcare 2,800
Management 2,616
Information, Scientific and Technical 2,401
Professional Services 2,037
Sales 1,864
Manufacturing 1,640
Education 1,596
Retail 1,574
Arts and Media 810
Transportation 686

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 10,824 36,664 2,620,437
Owner Occupied Housing Units 8,770 27,252 1,568,389
Renter Occupied Housing Units 1,490 7,290 717,965
Vacant Housing Units 578 2,145 334,086
Occupancy Rate 95% 94% 87%
Vehicles Per Housing Unit 4 16 1,560

Commute Time To Work

  City County State
Less than 5 minutes 335 1,717 128,186
5 - 14 minutes 3,004 7,101 376,440
15 - 29 minutes 4,399 8,264 446,969
30 - 44 minutes 2,502 6,424 288,937
45-59 minutes 444 2,918 143,851
Over 60 minutes 298 1,116 80,797

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 387 2,446 374,133
High School Graduate 2,640 13,786 1,258,952
Some College 3,525 12,703 808,107
Associates Degree 1,124 5,092 355,880
Bachelors Degree 6,300 16,905 663,912
Graduate Degree 4,275 8,072 244,458

Education Attainment


Market Conditions

Market Conditions for Mequon

November 2016

Median Sale Price
$327,950

 DOWN -13.12%
vs. Month Ago
Homes for Sale
101

 DOWN -12.93%
vs. Month Ago
Homes Sold
20

 DOWN -41.17%
vs. Month Ago
Avg Days on Market
84

 DOWN -28.20%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $327,950. The median sales price for homes in November fell by ($49,550) compared to last month. This represents a 13.12% decrease from October. Compared to the same month last year, the median price of homes fell by ($12,050) representing a -3.54% 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 101. This represents 12.93% decrease from October when 116 homes were on the market. Compared to the same month last year when there were 165 homes for sale, the inventory of homes for sale has fallen by 64 representing a -38.78% 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 101. This represents 12.93% decrease from October when 116 homes were on the market. Compared to the same month last year when there were 165 homes for sale, the inventory of homes for sale has fallen by 64 representing a -38.78% 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 (84) decreased by 33 days compared to October. This represents a 28.2% 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 17, a -16.83% 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 92.98% in November fell by 0.35% compared to October and increased 3.03% 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 (15) fell by 10 compared to October, a 40% change. Compared to November 2015, the number of new listings decreased by 9, a -37.5% 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 $499,000. The median list price for homes in November rose by $88,000 compared to last month. This represents a 21.41% increase from October. Compared to the same month last year, the median list price of homes increased $134,100 representing a 36.74% 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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