Erin, WI Real Estate

Erin is the oldest incorporated town in Washington County and bestows a phenomenal scenery nestled on the highest hill of the Kettle Moraine area. Erin has a mix of agricultural and residential properties, but is predominately rural. There are several bodies of water in the town including, 7 lakes and 2 major rivers. The more well known are the Oconomowoc and Ashippun Rivers. With the population of 3,816 people, this historic town offers a small town environment with an array of big city activities close by.

To find homes for sale in Erin, click here.

Real Estate
The rural community’s housing market has a mixture of homes in subdivisions and larger estates priced from $200,000-$500,000. Homes in the Erin market include 4-bedroom Ranches, custom built stone and full-log homes and elegant Prairie Style homes. The average price of a home is currently $280,170. An advantage to living in this southeast Wisconsin town is the cost of living, which is 8.65% lower than the U.S. average.

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The lakes around the Erin area include Druid, Loews, Murphy and Hickey Lake. These lakes offer recreational opportunities such as boating, swimming and fishing.

Residents have easy access to fine dining and shopping centers with the city of Hartford nearby.

A major city event in Erin is its St. Patrick’s Day Parade in which people come from all around the area to both partake and be spectators for the festivities.

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The history of Erin is based around Holy Hill, which is known for its peace and serenity. During the 1700s, American Indians would visit Holy Hill, because they believed it was a sacred place. In 1903, the hill was affirmed as a Shrine of Mary that was Help of Christians. Visitors of the hill feel that they have been a part of a religious experience after visiting Holy Hill. The shrine’s status was elevated to Minor Basilica in 2006.

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Erin properties for sale

Market Conditions
Market Conditions for Erin - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for Erin

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $323,000. The median sales price for homes in November fell by ($32,500) compared to last month. This represents a 9.14% decrease from October. Compared to the same month last year, the median price of homes rose by $18,000 representing a 5.9% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 4 in November to 15. This represents 21.05% decrease from October when 19 homes were on the market. Compared to the same month last year when there were 21 homes for sale, the inventory of homes for sale has fallen by 6 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 5 homes sold in November was 1 more than in October. This represents a 25% increase in sales from October. Compared to the same month last year, the number of homes sold increased by 4, a 400% 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 November (35) decreased by 11 days compared to October. This represents a 23.91% 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 26, a 288.88% 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 99.87% in November rose by 2.7% compared to October and increased 9.14% 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 November (2) fell by 2 compared to October, a 50% change. Compared to November 2018, the number of new listings decreased by 2, 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 November was $379,950. The median list price for homes in November rose by $26,950 compared to last month. This represents a 7.63% increase from October. Compared to the same month last year, the median list price of homes increased $25,500 representing a 7.19% year-over-year increase.

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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