Wauwatosa , WI Real Estate

Wauwatosa Real Estate

Located in Milwaukee County, the City of Wauwatosa is known as a white-collar community. Wauwatosa has a healthy mixture of upscale homes, office buildings, retail developments and medical facilities. The city’s main commercial district is Mayfair Road, which is lined with office buildings, a variety of restaurants and Mayfair Mall. Industrial activity is concentrated at the northern end of the city, where JC Penney has a major catalog warehouse and Briggs. The city is considered one of the more desirable living areas in Milwaukee County, because of its central metropolitan location.

Real Estate
The Wauwatosa housing market offers a wide selection of homes. The area’s premier housing includes 3-bedroom ranches, bungalows, two-story colonials and English cottages. The historic Washington Highlands are a sought-after residential location, but there are many charming subdivisions. The average cost of a home in Wauwatosa is $201,200.

Amenities
Wauwatosa provides many recreational opportunities to its residents with its village shopping experience, restaurant district and unique park system-golf courses.

Mayfair Mall, one of the most popular regional shopping centers in Milwaukee.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
East High  (Wauwatosa) Wauwatosa School District Public 1067 16 East High GreatSchools Rating
Eisenhower Elementary  (Wauwatosa) Wauwatosa School District Public 374 13 Eisenhower Elementary GreatSchools Rating
Jefferson Elementary  (Wauwatosa) Wauwatosa School District Public 238 12 Jefferson Elementary GreatSchools Rating
Lincoln Elementary  (Wauwatosa) Wauwatosa School District Public 320 15 Lincoln Elementary GreatSchools Rating
Longfellow Middle  (Wauwatosa) Wauwatosa School District Public 737 15 Longfellow Middle GreatSchools Rating
Madison Elementary  (Wauwatosa) Wauwatosa School District Public 288 12 Madison Elementary GreatSchools Rating
Mckinley Elementary  (Wauwatosa) Wauwatosa School District Public 395 16 McKinley Elementary GreatSchools Rating
Roosevelt Elementary  (Wauwatosa) Wauwatosa School District Public 414 15 Roosevelt Elementary GreatSchools Rating
Underwood Elementary  (Wauwatosa) Wauwatosa School District Public 336 12 Underwood Elementary GreatSchools Rating
Vel R Phillips School  (Wauwatosa) Wauwatosa School District Public 106 6 Vel R Phillips School GreatSchools Rating
Washington Elementary  (Wauwatosa) Wauwatosa School District Public 288 13 Washington Elementary GreatSchools Rating
Wauwatosa Montessori School  (Wauwatosa) Wauwatosa School District Public 180 16 Wauwatosa Montessori School GreatSchools Rating
Wauwatosa Stem  (Wauwatosa) Wauwatosa School District Public 131 22 Wauwatosa STEM GreatSchools Rating
Wauwatosa Virtual Academy  (Wauwatosa) Wauwatosa School District Public 168 34 Wauwatosa Virtual Academy GreatSchools Rating
West High  (Wauwatosa) Wauwatosa School District Public 1050 15 West High GreatSchools Rating
Whitman Middle  (Wauwatosa) Wauwatosa School District Public 650 14 Whitman Middle GreatSchools Rating
Wilson Elementary  (Wauwatosa) Wauwatosa School District Public 193 11 Wilson Elementary GreatSchools Rating
Market Conditions
Market Conditions for Wauwatosa - January 2025 | Shorewest Realtors®
January 2025

Market Conditions for Wauwatosa

Median Sale Price Graph

Median Sale Price

The median sale price for homes in January was $350,000. The median sales price for homes in January rose by $10,000 compared to last month. This represents a 2.94% increase from December. Compared to the same month last year, the median price of homes rose by $20,000 representing a 6.06% 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 rose by 18 in January to 43. This represents 72% increase from December when 25 homes were on the market. Compared to the same month last year when there were 38 homes for sale, the inventory of homes for sale has risen by 5 representing a 13.15% 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 23 homes sold in January was 16 less than in December. This represents a 41.02% decrease in sales from December. Compared to the same month last year, the number of homes sold increased by 9, a 64.28% 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 January (44) increased by 26 days compared to December. This represents a 144.44% 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 19, a 76% 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 99.59% in January rose by 0.94% compared to December and increased 1.63% 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 January (34) rose by 10 compared to December, a 41.66% change. Compared to January 2024, the number of new listings increased by 6, a 21.42% 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 January was $386,950. The median list price for homes in January rose by $29,500 compared to last month. This represents a 8.25% increase from December. Compared to the same month last year, the median list price of homes decreased ($5,450) representing a -1.38% 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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