Caledonia, WI Real Estate

Caledonia Properties

Conveniently located near I-94, the village of Caledonia, Wisconsin provides urban and country living lifestyles. The easy access makes this village a highly desirable place to live for people needing to work in Milwaukee or Chicago while enjoying a “small town” atmosphere. Caledonia features 3.2 miles of lake and river areas. Populated by 3,283 people, Caledonia is a developing village that is focused on making it a better place to live for its residents.

Real Estate
A large part of Caledonia residents live east of Highway 31 in the village’s “city” area. The community has an array of affordable housing to choose from within the area. From subdivisions to condominiums, the village offers homes to first-time buyers to families looking to settle into a more roomy environment. Housing options include Ranches, farm houses with large acreage, Colonials and elegant Mansions. The average cost of a home is currently $195,670.

Amenities
As one of the largest villages, Caledonia provides a vast selection of events, attractions and cultural activities. The Caledonia Parks and Recreation Department “encourages a high quality of life for all residents,” and maintains parks such as Johnson Park Golf Course, Caledonia-Mt. Pleasant Memorial Park and Cliffside Park. Boating and swimming are activities that could be enjoyed with the shores of Lake Michigan nearby. The Racine Zoological Gardens are where you can observe wildlife, which includes: giraffes, rhinos, tigers and kangaroos. The newly redeveloped downtown area is the scene for festivals, boutiques, restaurants and repaved bike paths. There is access to beach areas and an abundance of amenities, as well.

Enjoy an excellent shopping experience around the Caledonia area. The Seven Mile Fair Flea Market showcases exhibits from vendors and residents from around the region. Valenti Antiques, Inc. displays 30 dealers who specialize in collectables, furniture, primitives and china.

School District
The Caledonia School District is looking into expanding its district to give students the attention and knowledge they deserve.

History
Caledonia was considered a town before becoming a village in 2006. The state legislature passed an exemption allowing the new label to the village.

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Schools
Demographics

Population Demographics

  City County State
Total Population 26,793 198,358 5,852,878
Total Households 9,664 76,859 2,349,819
Total Families 7,581 52,475 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 55% 54% 58%
Blue Collar Jobs 46% 46% 42%

Top Occupations

Professions Population Employed
Professional Services 2,867
Sales 1,407
Manufacturing 1,363
Healthcare 1,234
Maintenance 885
Management 688
Food 665
Transportation 605
Construction 541
Social Services 413

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 913 10,391 224,571
High School Graduate 4,904 42,601 1,256,597
Some College 3,606 31,979 833,955
Associates Degree 2,145 13,188 410,260
Bachelors Degree 3,900 21,556 747,113
Graduate Degree 1,965 11,117 384,121

Education Attainment


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

Market Conditions for Caledonia

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $281,450. The median sales price for homes in July rose by $32,000 compared to last month. This represents a 12.82% increase from June. Compared to the same month last year, the median price of homes rose by $36,450 representing a 14.87% 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 3 in July to 96. This represents 3.03% decrease from June when 99 homes were on the market. Compared to the same month last year when there were 115 homes for sale, the inventory of homes for sale has fallen by 19 representing a -16.52% 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 40 homes sold in July was 10 less than in June. This represents a 20% decrease in sales from June. Compared to the same month last year, the number of homes sold increased by 7, a 21.21% 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) increased by 10 days compared to June. This represents a 38.46% 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 increased by 17, a 89.47% 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 99.52% in July rose by 0.74% compared to June and increased 0.37% 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 July (50) rose by 3 compared to June, a 6.38% change. Compared to July 2019, the number of new listings decreased by 15, a -23.07% 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 $272,400. The median list price for homes in July rose by $7,400 compared to last month. This represents a 2.79% increase from June. Compared to the same month last year, the median list price of homes increased $24,500 representing a 9.88% 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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