Belgium, WI Real Estate

Belgium Properties

The village of Belgium, Wisconsin is a historic community that preserves its Luxembourg heritage. Residents hold celebrations geared towards the culture year-round for the community to enjoy. Located on the shore of Lake Michigan, the village offers many recreational opportunities. The rural village is surrounded by picturesque views of the natural landscape.

Real Estate
Belgium offers a wide-selection of properties for sale. Homes on the market include three-bedroom Ranches, gorgeous Colonials and Contemporaries with spacious lots and custom-built homes. Historic homes are scattered throughout the area. The average price of a home in the Belgium market is $248,450 with the cost of living 6.07 percent lower than the U.S. average.

Amenities
The village is known for hosting many community events. Events organized include the Belgium Community Rummage Sale, Luxembourg Fest and a Christmas Parade. Luxembourg Fest is a two-day festival that has food, music, a run/walk marathon and various exhibits. Almost 2,000 people from the United States and the Grand Duchy of Luxembourg come to the festival each year.

Belgium maintains five local parks for residents to enjoy including Community Park, Lake Hills Park and Bares Memorial Park. Community Park features lighted baseball fields, playground, tennis courts and volleyball courts. Belgium also features Ozaukee Interurban Trail that connects Ozaukee County to Milwaukee and Sheboygan. The trail is 30-miles long and is off-road for the majority of the length. People can bike, cross-country ski, walk and skate on the trail.

Golfers can hit the links at the Squires Country Club located four-miles south of Belgium. The 18-hole golf course offers water hazards, tree-lined fairways and putting greens.

The village is in close proximity of a few airports including Mitchell International (40-miles, South), Timmerman Field (45-miles, south) and West Bend Municipal Airport (17-miles, northwest).

History
The area was first settled by immigrants from the province of Luxembourg. Surrounding areas referred to the settlement as “the Belgium area,” because during the first settlement Luxembourg was ruled by Belgium.

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Demographics

Population Demographics

  City County State
Total Population 3,605 89,558 5,852,878
Total Households 1,323 35,558 2,349,819
Total Families 987 25,168 1,516,725
Percent Male 51% 49% 50%
Percent Female 49% 51% 50%
White Collar Jobs 46% 59% 58%
Blue Collar Jobs 54% 41% 42%

Top Occupations

Professions Population Employed
Professional Services 166
Manufacturing 111
Maintenance 107
Transportation 106
Sales 88
Food 83
Management 55
Healthcare 54
Other Services 41
Construction 37

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 91 1,657 224,571
High School Graduate 843 13,828 1,256,597
Some College 436 11,927 833,955
Associates Degree 329 5,634 410,260
Bachelors Degree 454 18,388 747,113
Graduate Degree 209 10,727 384,121

Education Attainment


Market Conditions
Market Conditions for Belgium - October 2024 | Shorewest Realtors®
October 2024

Market Conditions for Belgium

Median Sale Price Graph

Median Sale Price

The median sale price for homes in October was $425,000. The median sales price for homes in October rose by $75,000 compared to last month. This represents a 21.42% increase from September. Compared to the same month last year, the median price of homes fell by ($48,950) representing a -10.32% 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 remained level in October to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % 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 1 homes sold in October was 2 less than in September. This represents a 66.66% decrease in sales from September. Compared to the same month last year, the number of homes sold decreased by 3, a -75% 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 October (21) increased by 14 days compared to September. This represents a 200% 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 116, a -84.67% 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 94.65% in October fell by 3.44% compared to September and increased 1.31% 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 October (3) fell by 1 compared to September, a 25% change. Compared to October 2023, the number of new listings remained level

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 October was $379,900. The median list price for homes in October fell by ($54,550) compared to last month. This represents a 12.55% decrease from September. Compared to the same month last year, the median list price of homes increased $130,000 representing a 52.02% 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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