Fox Point, Wisconsin, WI Real Estate

Fox Point Homes for Sale

Located on Milwaukee County’s North Shore, the Village of Fox Point, Wisconsin is a vibrant suburb with a population of 6,803 people. Lake Michigan borders the eastern part of the village allowing for many water activities. The villages of Bayside and Whitefish Bay border to the north and south. Labeled as “Tree City USA,” Fox Point is tranquil community with a magnificent landscape including wooded areas and gorgeous ravines. Close to downtown Milwaukee, Fox Point is the perfect place for those who need to commute, or enjoy visiting the metropolitan area.

The Fox Point housing market offers a wide selection, including Ranches, Colonials, English Tudors, Mediterranean style, and Cape Cods. Many homes in the area were built in the 1920s – 1950s, but newly constructed houses are also offered. The area provides a supply of exclusive homes such as Historic mansions on Lake Drive along Lake Michigan. The prices for homes in the Fox Point area range from $130,000 to more than $3 million.

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Fox Point offers a wide variety of shopping. The newly remodeled Bayshore Town Center is 10 minutes away from the village for those who want to enjoy the ultimate shopping experience.

A large variety of nearby dining establishment includes Chinese, American, Mexican and Thai cuisines. North Shore Bistro is a hot spot and showcases a variety of platters on the menu. The village maintains the Fox Point Municipal Swimming Pool  that the whole family can enjoy. Private tennis courts and pool clubs are also available in Fox Point.

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Fox Point’s name comes from the Dutch settlement that once was established in the area. The village was officially incorporated in 1926.

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Fox Point, Wisconsin properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
St Eugene School (Fox Point) private 184 Not Provided St Eugene School GreatSchools Rating
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Market Conditions

Market Conditions for Fox Point

May 2019

Median Sale Price
$389,000

 UP 9.73%
vs. Month Ago
Homes for Sale
34

  0.00%
vs. Month Ago
Homes Sold
15

 UP 15.38%
vs. Month Ago
Avg Days on Market
31

 DOWN -22.50%
vs. Month Ago

Median Sale Price

The median sale price for homes in May was $389,000. The median sales price for homes in May rose by $34,500 compared to last month. This represents a 9.73% increase from April. Compared to the same month last year, the median price of homes fell by ($36,000) representing a -8.47% 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 May to 34. Compared to the same month last year when there were 26 homes for sale, the inventory of homes for sale has risen by 8 representing a 30.76% 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 15 homes sold in May was 2 more than in April. This represents a 15.38% increase in sales from April. Compared to the same month last year, the number of homes sold decreased by 2, a -11.76% year-over-year decrease.

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.

Avg Days on Market

The average days on market for a home sold in May (31) decreased by 9 days compared to April. This represents a 22.5% 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 16, a -34.04% 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 98.72% in May rose by 0.97% compared to April and increased 3.44% 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 May (24) remained level Compared to May 2018, the number of new listings increased by 6, a 33.33% 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 May was $349,950. The median list price for homes in May fell by ($9,950) compared to last month. This represents a 2.76% decrease from April. Compared to the same month last year, the median list price of homes decreased ($50) representing a -0.01% 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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