Brown Deer, WI Real Estate

Brown Deer Properties

The Village of Brown Deer is a community that is located in northern Milwaukee County. Populated by 11,776 people, the village offers many recreational opportunities. Positioned near I-43, the village provides easy access to downtown Milwaukee and surrounding attractions.

The Brown Deer housing market offers a wide selection of homes for sale, ranging from the 1950s to newly constructed homes. A home buyer can find English Tudors, French Country, Georgian Revival and Colonials within the area. Single-story homes with winding driveways are also a preferred choice in the village. The cost of a home ranges from $110,000 – $300,000.

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The Brown Deer area offers many recreational opportunities around the village. The village is home to a golfer’s paradise, Brown Deer Golf Course. This establishment was home to the Greater Milwaukee Open, which attracted the Pro Golfers Association’s finest. The 18-hole golf course was ranked one of the top five public golf courses in the nation. Brown Deer Park features acres of land for families to enjoy. Residents can bike, hike and cross-country ski in the well maintained trails of the park. The area has been developing more strip malls and stores to the current diverse shopping experience.

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The land where Brown Deer was established was first settled by settlers in search of agricultural land from the East Coast. A small community was built after a separation of seven townships in the Milwaukee area in 1841. There are a few legends about how the village received its name such as “a deer jumped through a saloon door and broke up a card game in progress;” but it has been established that the name was claimed well before those stories were told. Talks about incorporating the town came to fruition in 1953.

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Brown Deer properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Brown Deer Elementary (Brown Deer) Brown Deer School District public 800 Not Provided Brown Deer Elementary GreatSchools Rating
Dean Elementary School (Brown Deer) Brown Deer School District public 559 Not Provided Dean Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Brown Deer Middle/High School (Brown Deer) Brown Deer School District public 562 Not Provided Brown Deer Middle/High School GreatSchools Rating
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Market Conditions

Market Conditions for Brown Deer

August 2017

Median Sale Price
$144,500

 DOWN -12.95%
vs. Month Ago
Homes for Sale
59

  0.00%
vs. Month Ago
Homes Sold
22

 DOWN -24.13%
vs. Month Ago
Avg Days on Market
47

 UP 30.55%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $144,500. The median sales price for homes in August fell by ($21,500) compared to last month. This represents a 12.95% decrease from July. Compared to the same month last year, the median price of homes did not change $0 representing a 0% 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 remained level in August to 59. Compared to the same month last year when there were 82 homes for sale, the inventory of homes for sale has fallen by 23 representing a -28.04% 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 remained level in August to 59. Compared to the same month last year when there were 82 homes for sale, the inventory of homes for sale has fallen by 23 representing a -28.04% 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 August (47) increased by 11 days compared to July. This represents a 30.55% 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 decreased by 26, a -35.61% 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 95.29% in August fell by 3.22% compared to July and increased 0.89% 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 August (31) rose by 7 compared to July, a 29.16% change. Compared to August 2016, the number of new listings increased by 5, a 19.23% 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 August was $164,900. The median list price for homes in August fell by ($3,950) compared to last month. This represents a 2.33% decrease from July. Compared to the same month last year, the median list price of homes increased $15,000 representing a 10% 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.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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