Menomonee Falls, WI Real Estate

Home to over 35,000 people, Menomonee Falls is the largest village in Wisconsin. It is located in Waukesha County, just northwest of Milwaukee. Menomonee Falls is best known for its prime location and easy access to many great natural amenities, including the Menomonee River and the waterfall that gives the village its name.

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With five business parks, the business community in Menomonee Falls is booming. Big companies like Kohl’s, the Mutual Fund Division of Wells Fargo and Cousins Subs are headquartered in the village. It is also home to the Harley Davidson Powertrain Operations facility.

Menomonee Falls also has an excellent education system, with a 97% graduation rate and test scores above the state average. There are also seven private schools located in the village, as well as a number of specialty arts and sciences schools. Also the state’s oldest training school for skydivers is located at the nearby Aero Park Airport.

Recreational opportunities abound in Menomonee Falls. The village has more than 2,000 acres of village and county parklands and four 18-hole golf courses. The Menomonee River hosts a number of water activities, and the Bugline Recreational Trail is a 16-mile stretch for biking and hiking. At Lime Kiln Natural Area, you will find a 16-acre expanse with two historic lime kilns and a quarry, all of which are in the National Register of Historic Places. The golf courses in Menomonee Falls are spectacular. The course at North Hills Country Club is regarded as one of the state’s finest and is host to the Lombardi Classic. The Wanaki Golf Course is a 152-acre public course with seven challenging water hazards courtesy of the Fox River.

Some of the events held in Menomonee Falls include its Cheery Cherry Fall Fair, Chilly Fest, summer Concerts in the Park and a fishing derby at Mill Pond Park. The most notable – Cheery Cherry Fall Fair – is a cherry-themed arts and crafts fair with lots of food and music. Chilly Fest hosts an ice carving contest, chili competition, ice bowling, raffles, food and more.

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Garret Vliet, a government surveyor, discovered the waterfall of Menomonee Falls in 1836 and saw its potential as a power source. He later purchased land in the area, built a sawmill and hired Hollingsworth S. Smith to operate it. Smith is considered the first permanent resident of Menomonee Falls.

The Old Falls Historical Park, one of the village’s many attractions, features historic homes and buildings from the mid 1800s to the early 1900s.

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Menomonee Falls properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Benjamin Franklin Elementary And Early Learning Ce (Menomonee Falls) Menomonee Falls School District Public 500 16 BENJAMIN FRANKLIN ELEMENTARY AND EARLY LEARNING CE GreatSchools Rating
Marcy Elementary School (Menomonee Falls) Hamilton School District Public 583 16 MARCY ELEMENTARY SCHOOL GreatSchools Rating
Menomonee Falls High School (Menomonee Falls) Menomonee Falls School District Public 1390 16 MENOMONEE FALLS HIGH SCHOOL GreatSchools Rating
North Middle School (Menomonee Falls) Menomonee Falls School District Public 905 13 NORTH MIDDLE SCHOOL GreatSchools Rating
Riverside Elementary School (Menomonee Falls) Menomonee Falls School District Public 442 13 RIVERSIDE ELEMENTARY SCHOOL GreatSchools Rating
Shady Lane Elementary School (Menomonee Falls) Menomonee Falls School District Public 490 15 SHADY LANE ELEMENTARY SCHOOL GreatSchools Rating
Valley View Elementary School (Menomonee Falls) Menomonee Falls School District Public 364 17 VALLEY VIEW ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 38,582 406,801 5,852,878
Total Households 15,790 158,933 2,349,819
Total Families 10,800 113,516 1,516,725
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 57% 58% 58%
Blue Collar Jobs 43% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 7,734
Manufacturing 5,177
Healthcare 4,346
Sales 4,170
Maintenance 2,124
Management 1,961
Transportation 1,646
Food 1,610
Construction 1,546
Information, Scientific and Technical 1,419

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 12,108 122,491 1,601,729
Renter Occupied Housing Units 3,682 36,442 748,090
Vacant Housing Units 609 7,923 311,518
Occupancy Rate 96% 94% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 630 5,900 135,725
5 - 15 minutes 5,018 49,795 877,463
15 - 30 minutes 7,281 78,620 975,154
30 - 45 minutes 2,719 37,118 370,565
45-60 minutes 372 9,432 120,537
Over 60 minutes 498 5,898 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 700 7,569 224,571
High School Graduate 6,927 67,894 1,256,597
Some College 5,174 58,126 833,955
Associates Degree 2,567 27,255 410,260
Bachelors Degree 7,418 78,050 747,113
Graduate Degree 3,871 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Menomonee Falls - January 2020 | Shorewest Realtors®
January 2020

Market Conditions for Menomonee Falls

Median Sale Price Graph

Median Sale Price

The median sale price for homes in January was $249,900. The median sales price for homes in January fell by ($34,600) compared to last month. This represents a 12.16% decrease from December. Compared to the same month last year, the median price of homes fell by ($110,100) representing a -30.58% 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 9 in January to 118. This represents 8.25% increase from December when 109 homes were on the market. Compared to the same month last year when there were 138 homes for sale, the inventory of homes for sale has fallen by 20 representing a -14.49% 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 23 homes sold in January was 9 less than in December. This represents a 28.12% decrease in sales from December. Compared to the same month last year, the number of homes sold decreased by 8, a -25.8% 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 January (54) decreased by 4 days compared to December. This represents a 6.89% 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 20, a -27.02% 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 96.26% in January fell by 2.1% compared to December and decreased 0.74% 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 January (49) rose by 21 compared to December, a 75% change. Compared to January 2019, the number of new listings increased by 9, a 22.5% 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 January was $329,900. The median list price for homes in January rose by $5,050 compared to last month. This represents a 1.55% increase from December. Compared to the same month last year, the median list price of homes increased $75,000 representing a 29.42% 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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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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