West Allis, WI Real Estate

West Allis Homes for Sale

Voted as the “Best Place to Raise Your Kids” in the Milwaukee area by Business Week for 2010, West Allis prides itself as a community with “strong principles of family and work.” With a population of 63,000, West Allis ranks as one of the largest cities in Wisconsin. Its convenient location near I-94 provides an easy commute to the downtown area. “Our location lets us have every benefit of a major city, yet we can keep our small town feel,” stated West Allis Mayor, Dan Devine, on the city’s website.

Real Estate
The city has been known for its blue-collar roots, but has recently seen a dramatic increase in home sales to young professionals. The area provides a variety of affordable housing options to interested buyers. Options in the city include single family, two family and condominiums that range from $45,000 to $499,900. The average prices of homes are: single-family – $145,964, two-family – $161,968, condominiums – $198,498. A major condominium project is the 42-unit Six Points East Condominiums. The condo offers underground parking and has first-floor retail space.  The fact that West Allis has one of the oldest Building Inspection Departments in Milwaukee County has ensured a large stock of quality housing.

Amenities
Home to State Fair Park, West Allis is host to many annual Milwaukee area events. The Wisconsin State Fair tops the list of events that includes live entertainment, food, petting areas, rides and more that the whole family can pleasure in. The park’s parking lot also plays a key role as a park and ride to Miller Park for Brewer’s games. The Wisconsin Exposition Center hosts events including the Great Lakes Multi Sports and Running Expo, Realtors Home & Garden Show , Milwaukee Boat Show and many more.

For those ice skating enthusiasts, the Pettit National Ice Center is used as a practice facility to train Olympic athletes. The center is open certain hours during the week for the public to enjoy. The city also holds a Farmer’s Market that accommodates local stores and vendors.

History
The city was first settled by Ruben Strong, Ebenezer Cornwall and Pete Marlett from the State of New York. The pioneers found a rustic environment that was wooded and contained fresh water springs that they claimed as paradise. The settlers used the fertile soil and laid out acres to raise produce that was sold in the area. Trails left by the Native Americans were converted into roads for wagons. A brick school was constructed in 1860 where seven students attended. The Garfield Building, which houses the West Allis Historical Society, stands in the very spot of the aforementioned school. In 1853, the Wisconsin State Agricultural Society was formed to organize a State Fair. The Steven’s dairy farm was purchased to hold the fair in 1891. The farm with all of its buildings was burned to the ground, so new buildings had to be constructed to house the fair. Residents of the North Greenfield area voted to manage their village and named it West Allis in 1902.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Franklin Elementary School (West Allis) West Allis School District Public 325 11 FRANKLIN ELEMENTARY SCHOOL GreatSchools Rating
Longfellow Elementary School (West Allis) West Allis School District Public 275 14 LONGFELLOW ELEMENTARY SCHOOL GreatSchools Rating
Market Conditions
Market Conditions for West Allis - April 2020 | Shorewest Realtors®
April 2020

Market Conditions for West Allis

Median Sale Price Graph

Median Sale Price

The median sale price for homes in April was $166,000. The median sales price for homes in April rose by $6,000 compared to last month. This represents a 3.75% increase from March. Compared to the same month last year, the median price of homes rose by $8,500 representing a 5.39% 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 4 in April to 96. This represents 4.34% increase from March when 92 homes were on the market. Compared to the same month last year when there were 109 homes for sale, the inventory of homes for sale has fallen by 13 representing a -11.92% 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 54 homes sold in April was 5 more than in March. This represents a 10.2% increase in sales from March. Compared to the same month last year, the number of homes sold decreased by 10, a -15.62% 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 April (24) decreased by 8 days compared to March. This represents a 25% 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 11, a -31.42% 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 100.19% in April fell by 0.96% compared to March and increased 1.37% 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 April (56) fell by 6 compared to March, a 9.67% change. Compared to April 2019, the number of new listings decreased by 18, a -24.32% 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 April was $159,900. The median list price for homes in April fell by ($50) compared to last month. This represents a 0.03% decrease from March. Compared to the same month last year, the median list price of homes unchanged $0 representing a 0% year-over-year change.

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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