Reeseville, WI Real Estate

Reeseville Real Estate

Reeseville, Wisconsin is a quaint community in Dodge County. Populated by 696 people, the rural village is industry based with businesses such as Midwest General Repair, A-OK Industries and Specialty Cheese Factory and Distribution. Surrounding communities include Juneau, Beaver Dam, Watertown and Waterloo. Serviced by WI-16 and US-515, Reeseville offers easy access to Madison and Milwaukee.

Real Estate
The Reeseville housing market offers plenty of homes for sale. Houses on the market include Ranches with open concepts, charming Dutch Colonials, newly constructed homes and five-bedroom Farmettes. Homes in the area have spacious lots and offer plenty of privacy. The average cost of home in Reeseville is $109,430 with the cost of living 13.60% lower than the U.S. average.

Amenities
The village of Reeseville maintains two parks that the whole family can enjoy. Fireman’s Park is a host to events and has recently been renovated. The park has incorporated a new playground for kids in the community. It also offers two baseball diamonds for recreation. With the addition of the Reeseville Community Center, the park has become the designated area for community events. The Fireman’s Annual Corn Roast is held at the park every August. People can enjoy brats, burgers, adult beverages and the specialty roasted corn. Kids can also partake in games at the roast. The village of Reeseville Mini Park offers a playground, basketball court and a gazebo for celebrations and picnics.

Reeseville provides youth pony, pee-wee, little league and junior baseball programs. Games are played at the baseball diamonds at Fireman’s Park. The games are scheduled during the spring and summer seasons.

The village’s library provides a quality assortment of books and educational tools. The library hosts events such as “Night at the Library” to encourage residents to enjoy reading. Fundraisers and sales of used books are held to help out the communities’ programs.

History
In 1844, the Reese family was among the first pioneers to become established in the area. Samuel Reese and his son were well-known farmers. Samuel passed away and was buried in the [Reeseville] cemetery in 1875. Adam Reese moved from New York state with wife Mary in 1841. Adam was a farmer and a school teacher in the area. Adam was elected supervisor, justice of the peace and county superintendent of schools as the community grew. Reese took charge of a railroad station that was built on his land. The railroad was named Reeseville in 1865. With the established railroad, the community continued to develop. The village was incorporated on October 26, 1889.

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Demographics

Population Demographics

  City County State
Total Population 1,698 89,519 5,852,878
Total Households 669 34,123 2,349,819
Total Families 466 23,278 1,516,725
Percent Male 52% 52% 50%
Percent Female 48% 48% 50%
White Collar Jobs 50% 55% 58%
Blue Collar Jobs 50% 45% 42%

Top Occupations

Professions Population Employed
Professional Services 75
Transportation 58
Manufacturing 33
Sales 30
Maintenance 28
Other Services 27
Management 21
Education 13
Construction 13
Healthcare 10

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units 0 0 0
Owner Occupied Housing Units 543 24,859 1,601,729
Renter Occupied Housing Units 126 9,264 748,090
Vacant Housing Units 54 3,031 311,518
Occupancy Rate 93% 89% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 55 3,461 135,725
5 - 15 minutes 163 14,874 877,463
15 - 30 minutes 374 12,321 975,154
30 - 45 minutes 138 5,372 370,565
45-60 minutes 67 2,537 120,537
Over 60 minutes 89 2,234 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 133 4,961 224,571
High School Graduate 490 25,847 1,256,597
Some College 249 13,888 833,955
Associates Degree 149 6,413 410,260
Bachelors Degree 82 7,272 747,113
Graduate Degree 54 3,065 384,121

Education Attainment


Market Conditions
Market Conditions for Reeseville - December 2019 | Shorewest Realtors®
December 2019

Market Conditions for Reeseville

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $135,250. The median sales price for homes in December rose by $85,250 compared to last month. This represents a 170.5% increase from November. Compared to the same month last year, the median price of homes rose by $135,250 representing a % 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 Graph

Homes for Sale

The inventory of homes for sale fell by 1 in December to 3. This represents 25% decrease from November when 4 homes were on the market. Compared to the same month last year when there were 0 homes for sale, the inventory of homes for sale has risen by 3 representing a % 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 Graph

Homes Sold

The 2 homes sold in December was 1 more than in November. This represents a 100% increase in sales from November. Compared to the same month last year, the number of homes sold increased by 2, a % year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in December (60) increased by 46 days compared to November. This represents a 328.57% 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 60, a % 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

Sale/List Price Ratio

The Sale/List Price Ratio of 94.96% in December rose by 4.46% compared to November and increased % 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 Graph

New Homes

The number of homes listed in December (1) rose by 1 compared to November, a % change. Compared to December 2018, the number of new listings increased by 1, a % 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 Graph

Median List Price

The median list price in December was $155,000. The median list price for homes in December rose by $155,000 compared to last month. This represents a % increase from November. Compared to the same month last year, the median list price of homes increased $155,000 representing a % 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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