Delafield, WI Real Estate

Delafield Real Estate

Established in 1843, the city of Delafield, Wisconsin is a historic community with a unique atmosphere. Serviced by I-94, Delafield is located in the hills of the Kettle Moraine. Lake Nagawicka is nestled in the city, providing a body of water for many recreational activities. Preserving many historic sites, Delafield has a plethora of landmarks to add to the city’s charm. Located 30 minutes west of Milwaukee, the city offers a great location for those who need to commute to the metropolitan area. Populated by 6,859 people, the city offers a quaint and peaceful environment in which to reside.

Real Estate
The Delafield housing market provides an array of homes for sale. Houses on the market include Ranches with spacious lots, newly constructed two-story homes, custom log homes with luxurious amenities and gorgeous waterfront homes with all the perks. Kings Way Homes is a predominant builder around the Delafield area. The area does offer homes for first-time buyers, subdivisions and lots for those who are looking for a more private property. The average price of a home in Delafield is $364,280. The “Lake Country” area provides grand and glorious lake living at its finest.

Amenities
The beautiful landscape throughout the city provides an array of outdoor recreational opportunities. Trails for hiking, biking and cross-country skiing are well maintained by the city. Surrounded by lakes, residents of the city can enjoy many options for swimming, fishing and boating. On the border of Delafield is the Glacial Drumlin Trail that has 51-miles of partially paved trails for hikers and bicyclists to enjoy. Visitors of the trail can take in glacial landscapes throughout their walk or ride.

Delafield has two shopping districts that offer popular retail stores and specialty shops. A shopping plaza located near Highway 83 has a variety of stores including department stores and local businesses. The historic downtown area provides small shops that specialize in a wide-selection of products. Fine dining that offer cuisines of all cultures can also be found in the downtown district.

Many year-round festivals help bring the community together. The main event that the city organizes is the Delafield Block Party. Residents can enjoy food, music, live entertainment and an annual 5k run/walk. The Halloween Celebration is another big event that has entertainment for kids and adults.

Delafield is also home to St. John’s Northwestern Military Academy which offers an exclusive educational environment where leadership principles infuse academy life. St. John’s educates cadets from across the country. Located on a 110-acre campus, the academy encourages the values of honesty, integrity, honor and country.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Cushing Elementary School (Delafield) Kettle Moraine School District Public 435 16 CUSHING ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 8,374 406,801 5,852,878
Total Households 3,053 158,933 2,349,819
Total Families 2,297 113,516 1,516,725
Percent Male 52% 49% 50%
Percent Female 48% 51% 50%
White Collar Jobs 59% 58% 58%
Blue Collar Jobs 41% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 1,153
Sales 740
Healthcare 597
Food 432
Manufacturing 348
Construction 301
Management 296
Maintenance 296
Transportation 210
Social Services 175

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 77 7,569 224,571
High School Graduate 1,015 67,894 1,256,597
Some College 961 58,126 833,955
Associates Degree 459 27,255 410,260
Bachelors Degree 2,054 78,050 747,113
Graduate Degree 1,124 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Delafield - April 2020 | Shorewest Realtors®
April 2020

Market Conditions for Delafield

Median Sale Price Graph

Median Sale Price

The median sale price for homes in April was $565,000. The median sales price for homes in April rose by $15,000 compared to last month. This represents a 2.72% increase from March. Compared to the same month last year, the median price of homes rose by $16,780 representing a 3.06% 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 5 in April to 55. This represents 8.33% decrease from March when 60 homes were on the market. Compared to the same month last year when there were 77 homes for sale, the inventory of homes for sale has fallen by 22 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 17 homes sold in April was 4 more than in March. This represents a 30.76% increase in sales from March. Compared to the same month last year, the number of homes sold decreased by 3, a -15% 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 April (49) increased by 9 days compared to March. This represents a 22.5% 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 decreased by 37, a -43.02% 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 97.62% in April fell by 0.37% compared to March and increased 1.52% 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 April (16) fell by 7 compared to March, a 30.43% change. Compared to April 2019, the number of new listings decreased by 20, a -55.55% 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 April was $645,000. The median list price for homes in April rose by $175,000 compared to last month. This represents a 37.23% increase from March. Compared to the same month last year, the median list price of homes increased $158,050 representing a 32.45% 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.




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