Elm Grove, WI Real Estate

Elm Grove 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.

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.

Amenities
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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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Pilgrim Park Middle School (Elm Grove) Elmbrook School District Public 800 14 PILGRIM PARK MIDDLE SCHOOL GreatSchools Rating
Tonawanda Elementary School (Elm Grove) Elmbrook School District Public 400 15 TONAWANDA ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 6,086 406,801 5,852,878
Total Households 2,404 158,933 2,349,819
Total Families 1,685 113,516 1,516,725
Percent Male 46% 49% 50%
Percent Female 54% 51% 50%
White Collar Jobs 64% 58% 58%
Blue Collar Jobs 36% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 989
Healthcare 678
Sales 472
Maintenance 254
Management 249
Social Services 214
Food 195
Construction 157
Education 151
Information, Scientific and Technical 147

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 29 7,569 224,571
High School Graduate 504 67,894 1,256,597
Some College 407 58,126 833,955
Associates Degree 260 27,255 410,260
Bachelors Degree 1,606 78,050 747,113
Graduate Degree 1,486 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Elm Grove - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Elm Grove

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $380,000. The median sales price for homes in July fell by ($3,500) compared to last month. This represents a 0.91% decrease from June. Compared to the same month last year, the median price of homes fell by ($82,310) representing a -17.8% 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 rose by 5 in July to 30. This represents 20% increase from June when 25 homes were on the market. Compared to the same month last year when there were 37 homes for sale, the inventory of homes for sale has fallen by 7 representing a -18.91% 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 9 homes sold in July was 5 less than in June. This represents a 35.71% decrease in sales from June. Compared to the same month last year, the number of homes sold decreased by 4, a -30.76% 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 July (29) decreased by 2 days compared to June. This represents a 6.45% 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 decreased by 24, a -45.28% 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 96.38% in July rose by 0.2% compared to June and decreased 1.03% 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 July (19) rose by 3 compared to June, a 18.75% change. Compared to July 2019, the number of new listings increased by 1, a 5.55% 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 July was $399,900. The median list price for homes in July fell by ($154,550) compared to last month. This represents a 27.87% decrease from June. Compared to the same month last year, the median list price of homes decreased ($47,450) representing a -10.6% year-over-year decrease.

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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