Lake Geneva, WI Real Estate

Lake Geneva, Wisconsin Real Estate

Lake Geneva, Wisconsin is a beautiful destination located in Southeastern Wisconsin. Just 10 miles north of the Illinois state line, the city of Lake Geneva is conveniently located between Chicago and Milwaukee. The city’s main attraction, Geneva Lake, is a hub for business and social activity in the area. The lake is one of the few developed lakes in the United States with a public path along the shore for the entire distance along the lake. The Lake Shore Path is approximately 23 miles long.

Lake Geneva was recognized as one of a Dozen Distinctive Destinations by the National Trust for Historic Preservation.

To find real estate for sale in Lake Geneva, click here.

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A community of such standing must surely host an abundance of social activities in which to partake. Indeed it does. Lake Geneva has beach areas offering parasailing, boating, lake cruises, fishing, watersports and schools for watersports. It also has twenty golf courses, adventure parks offering ziplining and climbing towers, an all-season waterpark resort, horse carriage ride services, and many orchards and wineries.

Those with a taste for the arts attend the Lake Geneva Symphony Orchestra or one of the 10 fine art galleries. For a more laid-back setting, residents find their way to one of the many outdoor concerts, barn dances, traditional Native American “Pow Wows,” the local Dancing Horse Theatre (yes, a horse theatre), or the famous Venetian Festival.

Some of the festivals native to Lake Geneva are Geneva National – the area’s Fourth of July celebration, the Great Electric Children’s Christmas Parade, the Winter Fest and International Ice Sculpting Competition, and Eco Fair 360 – an event just miles away showcasing the people and companies that are making green happen in Southeastern Wisconsin and Northeastern Illinois.

Like looking at the stars? Lake Geneva is home to the world’s largest refracting telescope located at Yerkes Observatory.

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The ancient Oneota tribes of the lost Hopewell Culture Indians lived in Lake Geneva as long ago as 1000 B.C. Descendants of this tribe lived in the area until 1836, when the United States Army relocated them to Kansas. The Indians had called the area Kish-Way-Kee-Tow, meaning clear water.
John Brink, a government surveyor, named the lake after the lake in his hometown in Geneva, New York. Prior to the Civil War, Lake Geneva was an area en route for slaves to escape Southern Illinois and Eastern Kentucky. Post Civil War, the town became a resort for the wealthy Chicago families. The Chicago Fire of 1871 caused many Chicago families to move to their summer homes on the lake while the city was being rebuilt.

After Lake Geneva began to develop, immigrant settlers from New England and New York flooded into town.

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Lake Geneva properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Central - Denison Elementary School (Lake Geneva) Lake Geneva J1 School District public 716 Not Provided Central - Denison Elementary School GreatSchools Rating
Eastview Elementary School (Lake Geneva) Lake Geneva J1 School District public 297 Not Provided Eastview Elementary School GreatSchools Rating
Star Center Elementary School (Lake Geneva) Lake Geneva J1 School District public 408 Not Provided Star Center Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
First Lutheran School (Lake Geneva) private 54 Not Provided First Lutheran School GreatSchools Rating
Lake Geneva Middle School (Lake Geneva) Lake Geneva J1 School District public 736 Not Provided Lake Geneva Middle School GreatSchools Rating
Mount Zion Christian School (Lake Geneva) private 56 Not Provided Mount Zion Christian School GreatSchools Rating
Reek Elementary School (Lake Geneva) Linn J6 School District public 120 Not Provided Reek Elementary School GreatSchools Rating
St Francis De Sales School (Lake Geneva) private 146 Not Provided St Francis De Sales School GreatSchools Rating
Traver Elementary School (Lake Geneva) Linn J4 School District public 112 Not Provided Traver Elementary School GreatSchools Rating
Woods Elementary School (Lake Geneva) Geneva J4 School District public 216 Not Provided Woods Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Badger High School (Lake Geneva) Lake Geneva-Genoa City Uhs School District public 1466 Not Provided Badger High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 16,859 102,952 5,687,217
Total Households 7,090 39,261 2,286,339
Total Families 4,432 25,953 1,476,860
Population Density 215 3,317 437,888
Percent Male 48% 50% 50%
Percent Female 52% 50% 50%
White Collar Jobs 60% 59% 55%
Blue Collar Jobs 40% 41% 45%

Top Occupations

Professions Population Employed
Manufacturing 1,487
Healthcare 1,286
Retail 1,255
Education 1,133
Transportation 1,128
Sales 1,124
Arts and Media 1,075
Management 859
Construction 627
Information, Scientific and Technical 575

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 10,541 51,453 2,620,437
Owner Occupied Housing Units 4,622 26,920 1,568,389
Renter Occupied Housing Units 2,468 12,342 717,965
Vacant Housing Units 3,492 12,133 334,086
Occupancy Rate 67% 76% 87%
Vehicles Per Housing Unit 2 26 1,560

Commute Time To Work

  City County State
Less than 5 minutes 375 2,437 128,186
5 - 14 minutes 2,737 9,229 376,184
15 - 29 minutes 2,068 7,903 445,017
30 - 44 minutes 1,002 4,799 288,516
45-59 minutes 504 3,384 143,851
Over 60 minutes 909 3,304 80,995

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 1,588 6,901 374,133
High School Graduate 3,666 21,720 1,258,952
Some College 2,495 14,338 808,107
Associates Degree 897 5,904 355,880
Bachelors Degree 2,033 11,061 663,912
Graduate Degree 1,142 4,447 243,055

Education Attainment


Market Conditions

Market Conditions for Lake Geneva

August 2017

Median Sale Price
$173,000

 DOWN -27.61%
vs. Month Ago
Homes for Sale


  %
vs. Month Ago
Homes Sold
21

 UP 23.52%
vs. Month Ago
Avg Days on Market
113

 UP 37.80%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $173,000. The median sales price for homes in August fell by ($66,000) compared to last month. This represents a 27.61% decrease from July. Compared to the same month last year, the median price of homes rose by $23,000 representing a 15.33% 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 remained level in August 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

The inventory of homes for sale remained level in August 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.

Avg Days on Market

The average days on market for a home sold in August (113) increased by 31 days compared to July. This represents a 37.8% 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 13, a 13% 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 91.08% in August fell by 4.58% compared to July and increased 0.5% 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 (29) rose by 6 compared to July, a 26.08% change. Compared to August 2016, the number of new listings increased by 6, a 26.08% 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 $314,000. The median list price for homes in August rose by $114,100 compared to last month. This represents a 57.07% increase from July. Compared to the same month last year, the median list price of homes increased $134,100 representing a 74.54% 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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