Mequon, WI Real Estate

Mequon, Wisconsin Real Estate

Mequon, Wisconsin is located just 15 minutes north of Milwaukee and is notorious for its abundant farmland and gorgeous scenery. It is the third largest city in Wisconsin by landmass, half of which is undeveloped and mostly farmland. The City of Mequon has one of the lowest tax rates and one of the lowest crime rates in Metropolitan Milwaukee. Surely these two factors played a part in Mequon being named 19th of the 100 Best Places to Live in the United States by CNN’s Money Magazine in 2005.

 

Real Estate in Mequon

Properties for sale in Mequon, Wisconsin are incredibly diverse. Because Mequon is one of the safest neighborhoods near Milwaukee, its housing market is booming and continually expanding. Houses for sale in Mequon are traditional, classic and typically large single-family homes on beautifully manicured lawns. There are also many empty lots that are available to build the house of your dreams. Although Mequon has mostly large, elegant houses for sale, there are also a variety of properties at various price points. Additionally, there are many condominiums, duplexes and apartments for rent and for sale in Mequon, Wisconsin.

 

Living in Mequon

Mequon has an extensive recreation department with activities for all ages, making it one of the best suburbs of Milwaukee. Because Lake Michigan and the Milwaukee River border Mequon, water sports abound in the warmer months. Additionally, there are several private golf and tennis clubs as well as many public golf courses.

Mequon also offers excellent shopping, most of which is centralized in Mequon Pavilion, the largest multi-anchored shopping center in the city. After errands in Bed, Bath and Beyond or Office Depot, stop in at one of many locally owned boutiques. Très Chic Boutique offers a personalized shopping experience with a European feel close to home, while E-Street Denim is the epitome of cool with their wide variety of designer denim and Free People fashion. Check out Sendik’s Market, another business in Mequon Pavilion and Wisconsin’s own gourmet grocer, for some of the best fresh produce in the city.

Mequon’s proximity to Milwaukee makes it a great combination of urban, suburban and rural. While Mequon homeowners love taking a trip to Milwaukee for Summerfest, they have plenty of their own festivals to stay busy! Lobster Fest, a cocktail reception, dinner and live auction complete with a live band, is one of Mequon residents’ favorite ways to raise money for local and international charities. Mequon-Thiensville Sunrise Rotary and Milwaukee North Shore Rotary team up to put on this event that provides a fun date night opportunity!

For family fun in Mequon, be sure to check out Lionsfest in June. Hosted by the Thiensville Mequon Lion’s Club at the Thiensville Village Park, Lionsfest has carnival rides, live music and raffles. All of the proceeds from this exciting festival benefit Lion’s Club charities. Gathering on the Green is another entertaining festival in Mequon that has live showcases of different performing arts at the Mequon Rotary Park.

While the festivals provide the thrill of an annual event, Mequon has plenty to offer on a consistent basis. Check out a book at the Frank L. Weyenberg Library or bring the whole family to the library’s story times year-round on Wednesdays and Saturdays. They even feature finger puppets! For some added spice in the otherwise quaint city of Mequon, test drive a Harley at Suburban Motors, Mequon’s own Harley-Davidson Dealership.

One of Mequon residents’ favorite summer past-times is a trip to a Chinooks baseball game. The Chinooks play in a summer baseball league for some of the most promising college players – your family could even volunteer as a host family for a future MLB star! Children love participating in the Minnow Race during the games. Similar to the Sausage Race at Brewer’s games, the Minnow Race features children dressed as minnows running the bases between innings!

 

Mequon Schools

When the summer fun is over, Mequon boasts some of the best schools in Wisconsin. In fact, the Mequon-Thiensville School District ranked third on Forbes “Best Schools for your Housing Buck” in 2013. The Mequon-Thiensville School District, which services Mequon and nearby Thiensville, also had the highest district report cards for K-12 Districts in Wisconsin. For higher education, Concordia University Wisconsin and the North Campus of Milwaukee Area Technical College are both located in Mequon. The short drive to Milwaukee also gives Mequon residents access to Marquette University, Milwaukee Institute of Art and Design, University of Wisconsin – Milwaukee and Milwaukee School of Engineering.

 

Business in Mequon

Mequon is also an excellent city in which to build a business. There are over 300 businesses in Mequon as well as an industrial park that contains both small and mid-sized firms. Mequon is also home to Rockwell Automation. Mequon has a proven stable and growing business climate under the Mequon Chamber of Commerce, all surrounded by the calm of a suburban atmosphere.

 

History of Mequon

In 1839, Irish and German immigrants first settled in Mequon, Wisconsin. Many immigrants also came directly from the state of New York. These very distinct groups of people came together to develop the land into a peaceful suburban retreat. Today, Mequon stands up to its tagline by “Preserving Quality of Life” above all else.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Donges Bay Elementary School (Mequon) Mequon-thiensville School District Public 475 17 DONGES BAY ELEMENTARY SCHOOL GreatSchools Rating
Homestead High School (Mequon) Mequon-thiensville School District Public 1287 17 HOMESTEAD HIGH SCHOOL GreatSchools Rating
Lake Shore Middle School (Mequon) Mequon-thiensville School District Public 412 14 LAKE SHORE MIDDLE SCHOOL GreatSchools Rating
Oriole Lane Elementary School (Mequon) Mequon-thiensville School District Public 500 15 ORIOLE LANE ELEMENTARY SCHOOL GreatSchools Rating
Steffen Middle School (Mequon) Mequon-thiensville School District Public 460 16 STEFFEN MIDDLE SCHOOL GreatSchools Rating
Wilson Elementary School (Mequon) Mequon-thiensville School District Public 530 16 WILSON ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 27,274 89,558 5,852,878
Total Households 10,549 35,558 2,349,819
Total Families 7,721 25,168 1,516,725
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 64% 59% 58%
Blue Collar Jobs 37% 41% 42%

Top Occupations

Professions Population Employed
Professional Services 4,968
Healthcare 3,831
Sales 2,158
Manufacturing 1,917
Food 1,292
Maintenance 1,274
Management 1,172
Information, Scientific and Technical 837
Transportation 791
Social Services 668

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 323 1,657 224,571
High School Graduate 2,913 13,828 1,256,597
Some College 2,957 11,927 833,955
Associates Degree 1,159 5,634 410,260
Bachelors Degree 6,889 18,388 747,113
Graduate Degree 4,911 10,727 384,121

Education Attainment


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

Market Conditions for Mequon

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $445,000. The median sales price for homes in July fell by ($82,500) compared to last month. This represents a 15.63% decrease from June. Compared to the same month last year, the median price of homes fell by ($40,000) representing a -8.24% 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 fell by 2 in July to 101. This represents 1.94% decrease from June when 103 homes were on the market. Compared to the same month last year when there were 125 homes for sale, the inventory of homes for sale has fallen by 24 representing a -19.2% 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 51 homes sold in July was 22 more than in June. This represents a 75.86% increase in sales from June. Compared to the same month last year, the number of homes sold increased by 4, a 8.51% 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 July (36) decreased by 41 days compared to June. This represents a 53.24% 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 22, a -37.93% 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 97.57% in July rose by 3.53% compared to June and increased 1.33% 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 (56) rose by 3 compared to June, a 5.66% change. Compared to July 2019, the number of new listings increased by 5, a 9.8% 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 $584,900. The median list price for homes in July rose by $136,900 compared to last month. This represents a 30.55% increase from June. Compared to the same month last year, the median list price of homes increased $110,000 representing a 23.16% 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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