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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Market Conditions
Market Conditions for Wauwatosa - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Wauwatosa

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $298,500. The median sales price for homes in July rose by $16,500 compared to last month. This represents a 5.85% increase from June. Compared to the same month last year, the median price of homes rose by $28,500 representing a 10.55% 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 1 in July to 94. This represents 1.07% increase from June when 93 homes were on the market. Compared to the same month last year when there were 113 homes for sale, the inventory of homes for sale has fallen by 19 representing a -16.81% 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 70 homes sold in July was 2 more than in June. This represents a 2.94% increase in sales from June. Compared to the same month last year, the number of homes sold decreased by 11, a -13.58% 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.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (14) decreased by 9 days compared to June. This represents a 39.13% 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 2, a -12.5% 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 102.03% in July rose by 1.35% compared to June and increased 2.41% 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 July (96) remained level Compared to July 2019, the number of new listings increased by 4, a 4.34% 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 July was $289,900. The median list price for homes in July fell by ($9,800) compared to last month. This represents a 3.26% decrease from June. Compared to the same month last year, the median list price of homes increased $34,950 representing a 13.7% 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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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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