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 - December 2019 | Shorewest Realtors®
December 2019

Market Conditions for Erin

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $362,500. The median sales price for homes in December rose by $39,500 compared to last month. This represents a 12.22% increase from November. Compared to the same month last year, the median price of homes rose by $137,500 representing a 61.11% 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 December to 12. This represents 20% decrease from November when 15 homes were on the market. Compared to the same month last year when there were 17 homes for sale, the inventory of homes for sale has fallen by 5 representing a -29.41% 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 4 homes sold in December was 1 less than in November. This represents a 20% decrease in sales from November. Compared to the same month last year, the number of homes sold increased by 3, a 300% 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 December (146) increased by 111 days compared to November. This represents a 317.14% 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 109, a 294.59% 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 87.03% in December fell by 12.85% compared to November and decreased 3.29% 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 December (3) rose by 1 compared to November, a 50% change. Compared to December 2018, 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 December was $375,000. The median list price for homes in December fell by ($4,950) compared to last month. This represents a 1.3% decrease from November. Compared to the same month last year, the median list price of homes increased $97,500 representing a 35.13% 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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