West Allis, WI Real Estate

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.

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.

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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.

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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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West Allis properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Franklin Elementary School (West Allis) West Allis-West Milwaukee School District public 340 Not Provided Franklin Elementary School GreatSchools Rating
Hoover Elementary School (New Berlin) West Allis-West Milwaukee School District public 456 Not Provided Hoover Elementary School GreatSchools Rating
Horace Mann Elementary School (West Allis) West Allis-West Milwaukee School District public 551 Not Provided Horace Mann Elementary School GreatSchools Rating
Irving Elementary School (West Allis) West Allis-West Milwaukee School District public 494 Not Provided Irving Elementary School GreatSchools Rating
Jefferson Elementary School (West Allis) West Allis-West Milwaukee School District public 560 Not Provided Jefferson Elementary School GreatSchools Rating
Longfellow Elementary School (West Allis) West Allis-West Milwaukee School District public 322 Not Provided Longfellow Elementary School GreatSchools Rating
Madison Elementary School (West Allis) West Allis-West Milwaukee School District public 212 Not Provided Madison Elementary School GreatSchools Rating
Mitchell Elementary School (West Allis) West Allis-West Milwaukee School District public 470 Not Provided Mitchell Elementary School GreatSchools Rating
Pershing Elementary School (West Milwaukee) West Allis-West Milwaukee School District public 280 Not Provided Pershing Elementary School GreatSchools Rating
Walker Elementary School (West Allis) West Allis-West Milwaukee School District public 387 Not Provided Walker Elementary School GreatSchools Rating
Wilson Elementary School (West Allis) West Allis-West Milwaukee School District public 461 Not Provided Wilson Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Frank Lloyd Wright Intermediate School (West Allis) West Allis-West Milwaukee School District public 1057 Not Provided Frank Lloyd Wright Intermediate School GreatSchools Rating
Good Shepherds Lutheran School (West Allis) private 92 Not Provided Good Shepherds Lutheran School GreatSchools Rating
Lamb of God Evangelical Lutheran (West Allis) private 0 Not Provided Lamb of God Evangelical Lutheran GreatSchools Rating
Lane Intermediate (West Allis) West Allis-West Milwaukee School District public 0 Not Provided Lane Intermediate GreatSchools Rating
Lincoln Intermediate School (West Allis) West Allis-West Milwaukee School District public 350 Not Provided Lincoln Intermediate School GreatSchools Rating
Mary Queen Of Saints Catholic Academy-Greenfield (West Allis) private 186 Not Provided Mary Queen Of Saints Catholic Academy-Greenfield GreatSchools Rating
Mary Queen of Heaven School (West Allis) private 0 Not Provided Mary Queen of Heaven School GreatSchools Rating
St Pauls Lutheran School (West Allis) private 0 Not Provided St Pauls Lutheran School GreatSchools Rating
St. Augustine Elementary School (West Allis) private 0 Not Provided St. Augustine Elementary School GreatSchools Rating
Victory Christian Academy (West Allis) private 155 Not Provided Victory Christian Academy GreatSchools Rating
West Milwaukee Intermediate School (West Milwaukee) West Allis-West Milwaukee School District public 496 Not Provided West Milwaukee Intermediate School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Alternative Learning Center (West Allis) West Allis-West Milwaukee School District public 222 Not Provided Alternative Learning Center GreatSchools Rating
Central High School (West Allis) West Allis-West Milwaukee School District public 1343 Not Provided Central High School GreatSchools Rating
Grace Christian Academy (West Allis) private 180 Not Provided Grace Christian Academy GreatSchools Rating
Nathan Hale High School (West Allis) West Allis-West Milwaukee School District public 1625 Not Provided Nathan Hale High School GreatSchools Rating
Richardson School (West Allis) private 28 Not Provided Richardson School GreatSchools Rating
Shared Journeys (West Allis) West Allis-West Milwaukee School District charter 14 Not Provided Shared Journeys GreatSchools Rating
Southside Baptist School (West Allis) private 40 Not Provided Southside Baptist School GreatSchools Rating
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Market Conditions

Market Conditions for West Allis

August 2017

Median Sale Price
$146,200

 UP 10.75%
vs. Month Ago
Homes for Sale
232

 UP 5.93%
vs. Month Ago
Homes Sold
64

 DOWN -16.88%
vs. Month Ago
Avg Days on Market
38

 UP 40.74%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $146,200. The median sales price for homes in August rose by $14,200 compared to last month. This represents a 10.75% increase from July. Compared to the same month last year, the median price of homes rose by $12,700 representing a 9.51% 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 rose by 13 in August to 232. This represents 5.93% increase from July when 219 homes were on the market. Compared to the same month last year when there were 266 homes for sale, the inventory of homes for sale has fallen by 34 representing a -12.78% 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 rose by 13 in August to 232. This represents 5.93% increase from July when 219 homes were on the market. Compared to the same month last year when there were 266 homes for sale, the inventory of homes for sale has fallen by 34 representing a -12.78% 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 (38) increased by 11 days compared to July. This represents a 40.74% 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 20, a -34.48% 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 95.91% in August fell by 3.02% compared to July and increased 0.14% 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 (105) rose by 18 compared to July, a 20.68% change. Compared to August 2016, the number of new listings increased by 23, a 28.04% 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 $139,000. The median list price for homes in August fell by ($8,000) compared to last month. This represents a 5.44% decrease from July. Compared to the same month last year, the median list price of homes increased $3,600 representing a 2.65% 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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