Waukesha, WI Real Estate

Waukesha Real Estate

Waukesha (pronounced waw-ki-shaw) is located 18 miles west of Milwaukee and 59 miles east of Madison.

Over 68,000 people call Waukesha their home, making it the fifth largest city in southeastern Wisconsin. Waukesha is the county seat of Waukesha County and the largest community in the county, covering over 27 square miles. It is located on both sides of the Fox River and borders City of Brookfield, Town of Brookfield, Genesee, New Berlin, City of Pewaukee, Village of Pewaukee, Town of Delafield and Town of Waukesha.

Real Estate
Waukesha offers many housing options, ranging from new-construction to older, historic homes. Single-family homes are most common, though condominiums and apartment complexes are sprinkled throughout the area. Newer subdivisions have sprung up in a variety of price points on the city’s outskirts.

Amenities
Just a half-hour drive from downtown Milwaukee, Waukesha often seems like it’s a world away with life slightly slower here than it is in downtown Milwaukee. Waukesha offers many big-city amenities, including the Waukesha Choral Union, the Civic Theater, the Waukesha Symphony Orchestra and Waukesha County Historical Museum.

The city also boasts its own airport, the Waukesha County Airport (also known as Crites Field), which can accommodate small airplanes and corporate jets. It is one of the fastest-growing airports in the state in terms of landings and departures.

Waukesha also has its own hospital, Waukesha Memorial Hospital.

Well-known and respected Carroll University (formerly Carroll College) is located in Waukesha. Carroll University, often called Wisconsin’s pioneer college, is the oldest four-year institution of higher education in the state. In 1841, settlers living in the Wisconsin Territory community of Prairieville established the academy that five years later would become Carroll College. Soon after its founding, Carroll affiliated with the Presbyterian Church and adopted the motto, “Christo et Litteris,” which means “for Christ and Learning.” Alfred Lunt attended Carroll College and went on to become a part of one of the greatest acting partnerships in American theatre. His acting partner and wife was Lynn Fontanne. Fred MacMurray attended Carroll College before becoming an actor most famously known for playing Steve Douglas on the hit TV series My Three Sons.

History
Waukesha is also one of the older cities in southeastern Wisconsin, being first inhabited in 1834 by Morris D. Cutler (its first non-American-Indian settler). It was originally incorporated in 1846 as the Village of Prairieville and in 1847 changed it’s name to Waukesha.

Its streets were built on the well-worn paths of early Native American inhabitants who converged at a place called “five points” in the city’s center. In the late 1800s, Waukesha’s natural spring water turned it into a resort town that attracted people from around the country, including Mrs. Abraham Lincoln and President Ulysses S. Grant. Many landmarks of that bygone era remain, including the spring house located at “five points.”

Some interesting facts about Waukesha include: Waukesha was home to Les Paul who invented the electric guitar, as well as the first 8-track tape recorder. Frank Caliendo grew up in Waukesha. Today he is famous for his impressions on MADtv, FOX NFL Sunday and Frank TV. The well-known BoDeans rock and roll group was formed in Waukesha. They are known most for their song “Closer to Free” which was the theme song for Party of Five TV series. In 1916, the Waukesha Pure Food Company began production of Jiffy Jell, the predecessor of today’s Jell-O.

Olympic gymnastic medalists, Morgan and Paul Hamm (twin brothers), hale from Waukesha.

To find homes for sale in Waukesha, click here.

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Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Banting Elementary School (Waukesha) Waukesha School District public 529 17 Banting Elementary School GreatSchools Rating
Bethesda Elementary School (Waukesha) Waukesha School District public 457 22 Bethesda Elementary School GreatSchools Rating
Hadfield Elementary School (Waukesha) Waukesha School District public 392 15 Hadfield Elementary School GreatSchools Rating
Heyer Elementary School (Waukesha) Waukesha School District public 463 17 Heyer Elementary School GreatSchools Rating
Hillcrest Elementary School (Waukesha) Waukesha School District public 389 18 Hillcrest Elementary School GreatSchools Rating
Lowell Elementary School (Waukesha) Waukesha School District public 349 13 Lowell Elementary School GreatSchools Rating
Prairie Elementary School (Waukesha) Waukesha School District public 449 18 Prairie Elementary School GreatSchools Rating
Whittier Elementary School (Waukesha) Waukesha School District public 383 14 Whittier Elementary School GreatSchools Rating
eAchieve Elementary (Waukesha) Waukesha School District charter 40 Not Provided eAchieve Elementary GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Butler Middle School (Waukesha) Waukesha School District public 972 14 Butler Middle School GreatSchools Rating
Horning Middle School (Waukesha) Waukesha School District public 808 14 Horning Middle School GreatSchools Rating
Trinity Lutheran School (Waukesha) private 209 Not Provided Trinity Lutheran School GreatSchools Rating
Waukesha Stem Academy (Waukesha) Waukesha School District charter 810 18 Waukesha Stem Academy GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Catholic Memorial High School (Waukesha) private 659 Not Provided Catholic Memorial High School GreatSchools Rating
Harvey Philip Alternative Charter School (Waukesha) Waukesha School District charter 59 9 Harvey Philip Alternative Charter School GreatSchools Rating
North High School (Waukesha) Waukesha School District public 1162 16 North High School GreatSchools Rating
South High School (Waukesha) Waukesha School District public 1111 15 South High School GreatSchools Rating
Waukesha Transition Academy (Waukesha) Waukesha School District public 0 Not Provided Waukesha Transition Academy GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 94,393 394,355 5,687,217
Total Households 37,620 154,857 2,286,339
Total Families 24,778 110,170 1,476,860
Population Density 4,483 22,523 437,888
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 68% 72% 55%
Blue Collar Jobs 32% 28% 45%

Top Occupations

Professions Population Employed
Healthcare 10,093
Manufacturing 9,743
Sales 8,964
Retail 8,028
Information, Scientific and Technical 7,732
Transportation 6,843
Management 6,836
Education 5,463
Professional Services 4,812
Arts and Media 4,421

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 39,198 162,576 2,620,437
Owner Occupied Housing Units 24,849 118,880 1,568,389
Renter Occupied Housing Units 12,770 35,979 717,965
Vacant Housing Units 1,582 7,779 334,086
Occupancy Rate 96% 95% 87%
Vehicles Per Housing Unit 6 53 1,560

Commute Time To Work

  City County State
Less than 5 minutes 1,379 5,440 128,186
5 - 14 minutes 13,703 27,184 382,657
15 - 29 minutes 18,989 41,940 455,228
30 - 44 minutes 9,242 30,148 291,434
45-59 minutes 3,214 13,157 143,851
Over 60 minutes 2,090 5,271 81,397

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 3,745 12,095 374,133
High School Graduate 16,732 69,586 1,258,952
Some College 14,990 59,487 808,107
Associates Degree 5,995 24,466 355,880
Bachelors Degree 14,989 71,668 663,912
Graduate Degree 6,898 27,467 244,195

Education Attainment


Market Conditions

Market Conditions for Waukesha

November 2016

Median Sale Price
$217,700

 DOWN -1.15%
vs. Month Ago
Homes for Sale
277

 DOWN -13.43%
vs. Month Ago
Homes Sold
74

 DOWN -11.90%
vs. Month Ago
Avg Days on Market
91

 UP 97.82%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $217,700. The median sales price for homes in November fell by ($2,550) compared to last month. This represents a 1.15% decrease from October. Compared to the same month last year, the median price of homes rose by $12,700 representing a 6.19% 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 43 in November to 277. This represents 13.43% decrease from October when 320 homes were on the market. Compared to the same month last year when there were 332 homes for sale, the inventory of homes for sale has fallen by 55 representing a -16.56% 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 43 in November to 277. This represents 13.43% decrease from October when 320 homes were on the market. Compared to the same month last year when there were 332 homes for sale, the inventory of homes for sale has fallen by 55 representing a -16.56% 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 (91) increased by 45 days compared to October. This represents a 97.82% increase 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 increased by 40, a 78.43% 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 95.27% in November fell by 1.18% compared to October and decreased 0.01% 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 (67) fell by 20 compared to October, a 22.98% change. Compared to November 2015, the number of new listings decreased by 3, a -4.28% 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 $189,900. The median list price for homes in November fell by ($25,100) compared to last month. This represents a 11.67% decrease from October. Compared to the same month last year, the median list price of homes decreased ($25,000) representing a -11.63% year-over-year decrease.

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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