Random Lake, WI Real Estate

Random Lake, Wisconsin Real Estate

Random Lake, Wisconsin is a village home to 1,600 residents. Nicknamed “The Gateway to Sheboygan County,” the village sits along State Highway 57, 45 minutes north of Milwaukee. With a picturesque 209-acre lake (second largest in Sheboygan County), and no stoplights, parking meters, billboards or strip malls, Random Lake takes pride in its quaint, rural ambiance.

Amenities
Random Lake is an excellent place to live and raise a family. It has 80 prosperous businesses, including one of America’s largest printing firms – the 450-employee Times Printing Co., and a top notch school system offering diverse opportunities in academics, athletics, the arts and more! In the Village you will find a charming combination of lush landscapes and modern infrastructure.

The Village has a lot to offer in the area of attractions. Visitors often nestle themselves in one of the Village’s many cozy taverns, and take a scenic drive to Random Lake, Lake Michigan, the Kettle Moraine State Forest or one of the dozen challenging golf courses. Random Lake offers many water activities including boating, swimming, water skiing and fishing. There are also many events held throughout the year including the Random Lake Fire Department Picnic, a NASCAR Parade, Fall Family Fun Festival and the annual Christmas celebration – Night of Lights.

History
The area now known as Random Lake experienced tremendous growth after the arrival of the Milwaukee and Northern Railroad in 1872. The Village of Random Lake was incorporated in 1907.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Random Lake Elementary School (Random Lake) Random Lake School District Public 325 14 RANDOM LAKE ELEMENTARY SCHOOL GreatSchools Rating
Random Lake High School (Random Lake) Random Lake School District Public 254 12 RANDOM LAKE HIGH SCHOOL GreatSchools Rating
Random Lake Middle School (Random Lake) Random Lake School District Public 250 16 RANDOM LAKE MIDDLE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 3,329 116,090 5,852,878
Total Households 1,304 46,558 2,349,819
Total Families 966 31,375 1,516,725
Percent Male 51% 50% 50%
Percent Female 49% 50% 50%
White Collar Jobs 48% 50% 58%
Blue Collar Jobs 52% 50% 42%

Top Occupations

Professions Population Employed
Professional Services 322
Manufacturing 267
Maintenance 114
Transportation 110
Sales 109
Management 73
Healthcare 71
Construction 62
Food 53
Education 34

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 136 4,353 224,571
High School Graduate 869 29,626 1,256,597
Some College 562 16,981 833,955
Associates Degree 253 8,108 410,260
Bachelors Degree 375 13,274 747,113
Graduate Degree 116 5,700 384,121

Education Attainment


Market Conditions
Market Conditions for Random Lake - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Random Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $503,750. The median sales price for homes in July rose by $337,750 compared to last month. This represents a 203.46% increase from June. Compared to the same month last year, the median price of homes rose by $318,750 representing a 172.29% 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 1 in July to 9. This represents 10% decrease from June when 10 homes were on the market. Compared to the same month last year when there were 7 homes for sale, the inventory of homes for sale has risen by 2 representing a 28.57% 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 2 homes sold in July was 1 more than in June. This represents a 100% increase in sales from June. Compared to the same month last year, the number of homes sold decreased by 1, a -33.33% 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 July (53) decreased by 29 days compared to June. This represents a 35.36% 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 increased by 29, a 120.83% 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 94.72% in July fell by 2.98% compared to June and decreased 7.18% 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 (3) fell by 4 compared to June, a 57.14% change. Compared to July 2019, the number of new listings increased by 1, a 50% 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 $185,000. The median list price for homes in July fell by ($154,900) compared to last month. This represents a 45.57% decrease from June. Compared to the same month last year, the median list price of homes decreased ($44,700) representing a -19.46% year-over-year decrease.

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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