Elm Grove, WI Real Estate

Elm Grove, Wisconsin is a village that provides a small town atmosphere with “big city” nearby. Populated by 6,010 people, the village is positioned just under 20 minutes west of Milwaukee for those who commute to the metropolitan area. The village is bordered by Brookfield, except on the east where it is bordered by Wauwatosa. There are larger suburban wooded lots due to the restrictions on tree removal. Located in Waukesha County, Elm Grove is interactive with its residents and looks to keep moving forward building a strong bond with its community.

To find properties for sale in Elm Grove, click here.

Real Estate
The Elm Grove housing market offers a wide selection of homes for sale. The market includes 3-bedroom Cape Cods, beautiful Colonials, Ranches and elegant English Arts & Crafts with 3+ acre lots. The area’s most exclusive neighborhood, the Indian Hills neighborhood, provides homes with larger rooms, baths and bedrooms. The average price of a home in Elm Grove is $337,920.

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Elm Grove offers a village shopping center with many stores and local shops. Brookfield Square Mall borders the area for residents’ shopping pleasure. Wauwatosa’s Mayfair Mall is also located two miles east of the village.

The village is home to Sunset Playhouse Theatre offering an array of performances by the theatre group. Performances include musicals, plays and acapella chorus shows. Located in the heart of the shopping district, Sunset Playhouse provides “a seriously fun theater experience.”

The Village Park has acres of land that provides for many recreational opportunities. The park has nine tennis courts, basketball courts, heated swimming pool and wading pool. The park offers plenty of room for resident’s dogs to enjoy. The village also maintains a skating rink during the winter season.

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Elm Grove properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Brookfield Elementary School (Brookfield) Elmbrook School District public 543 Not Provided Brookfield Elementary School GreatSchools Rating
Burleigh Elementary School (Brookfield) Elmbrook School District public 667 Not Provided Burleigh Elementary School GreatSchools Rating
Dixon Elementary School (Brookfield) Elmbrook School District public 388 Not Provided Dixon Elementary School GreatSchools Rating
Swanson Elementary School (Brookfield) Elmbrook School District public 711 Not Provided Swanson Elementary School GreatSchools Rating
Tonawanda Elementary School (Elm Grove) Elmbrook School District public 376 Not Provided Tonawanda Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Elm Grove Lutheran School (Elm Grove) private 126 Not Provided Elm Grove Lutheran School GreatSchools Rating
Pilgrim Park Middle School (Elm Grove) Elmbrook School District public 793 Not Provided Pilgrim Park Middle School GreatSchools Rating
St. Mary Visitation Grade (Elm Grove) private 300 Not Provided St. Mary Visitation Grade GreatSchools Rating
Wisconsin Hills Middle School (Brookfield) Elmbrook School District public 865 Not Provided Wisconsin Hills Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Brookfield Central High School (Brookfield) Elmbrook School District public 1313 Not Provided Brookfield Central High School GreatSchools Rating
East High School (Brookfield) Elmbrook School District public 1259 Not Provided East High School GreatSchools Rating
Fairview South (Brookfield) Elmbrook School District public 22 Not Provided Fairview South GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 6,037 394,355 5,687,217
Total Households 2,333 154,857 2,286,339
Total Families 1,656 110,170 1,476,860
Population Density 1,826 22,523 437,888
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 92% 72% 55%
Blue Collar Jobs 8% 28% 45%

Top Occupations

Professions Population Employed
Management 724
Healthcare 666
Information, Scientific and Technical 551
Sales 444
Manufacturing 398
Professional Services 388
Retail 347
Education 320
Other Services 158
Construction 125

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 2,505 162,576 2,620,437
Owner Occupied Housing Units 2,135 118,880 1,568,389
Renter Occupied Housing Units 199 35,979 717,965
Vacant Housing Units 172 7,779 334,086
Occupancy Rate 93% 95% 87%
Vehicles Per Housing Unit 2 53 1,560

Commute Time To Work

  City County State
Less than 5 minutes 59 5,440 128,186
5 - 14 minutes 626 19,501 374,974
15 - 29 minutes 1,424 31,515 444,803
30 - 44 minutes 298 26,909 288,195
45-59 minutes 64 13,157 143,851
Over 60 minutes 38 4,551 80,677

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 45 12,095 374,133
High School Graduate 417 69,586 1,258,952
Some College 590 59,487 808,107
Associates Degree 201 24,466 355,880
Bachelors Degree 1,513 71,668 663,912
Graduate Degree 1,394 26,528 243,256

Education Attainment


Market Conditions

Market Conditions for Elm Grove

August 2017

Median Sale Price
$475,000

 UP 5.79%
vs. Month Ago
Homes for Sale
44

 DOWN -2.22%
vs. Month Ago
Homes Sold
13

 DOWN -13.33%
vs. Month Ago
Avg Days on Market
73

 UP 62.22%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $475,000. The median sales price for homes in August rose by $26,000 compared to last month. This represents a 5.79% increase from July. Compared to the same month last year, the median price of homes rose by $95,000 representing a 25% 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 fell by 1 in August to 44. This represents 2.22% decrease from July when 45 homes were on the market. Compared to the same month last year when there were 48 homes for sale, the inventory of homes for sale has fallen by 4 representing a -8.33% 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 fell by 1 in August to 44. This represents 2.22% decrease from July when 45 homes were on the market. Compared to the same month last year when there were 48 homes for sale, the inventory of homes for sale has fallen by 4 representing a -8.33% 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 (73) increased by 28 days compared to July. This represents a 62.22% 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 13, a -15.11% 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 93.12% in August fell by 2.8% compared to July and decreased 2.45% 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 (18) rose by 5 compared to July, a 38.46% change. Compared to August 2016, the number of new listings increased by 5, a 38.46% 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 $437,450. The median list price for homes in August rose by $107,550 compared to last month. This represents a 32.6% increase from July. Compared to the same month last year, the median list price of homes increased $22,550 representing a 5.43% 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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