Menomonee Falls, WI Real Estate

Menomonee Falls, Wisconsin 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.

Amenities
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.

History
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.

To find properties for sale in Menomonee Falls, click here.

Show more

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

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 - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Menomonee Falls

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $325,000. The median sales price for homes in July rose by $42,800 compared to last month. This represents a 15.16% increase from June. Compared to the same month last year, the median price of homes rose by $50,100 representing a 18.22% 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 13 in July to 122. This represents 9.62% decrease from June when 135 homes were on the market. Compared to the same month last year when there were 158 homes for sale, the inventory of homes for sale has fallen by 36 representing a -22.78% 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 77 homes sold in July was 19 more than in June. This represents a 32.75% increase in sales from June. Compared to the same month last year, the number of homes sold increased by 20, a 35.08% 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 July (37) decreased by 16 days compared to June. This represents a 30.18% 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 4, a -9.75% 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 100.5% in July rose by 2.9% compared to June and decreased 0.36% 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 (71) rose by 4 compared to June, a 5.97% change. Compared to July 2019, the number of new listings decreased by 3, a -4.05% 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 $294,900. The median list price for homes in July fell by ($25,000) compared to last month. This represents a 7.81% decrease from June. Compared to the same month last year, the median list price of homes decreased ($75,100) representing a -20.29% 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.




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

  • Heritage Title Services, Inc.
  • The Realty Alliance
  • Wisconsin Mortgage Corporation
  • Leading Real Estate Companies of the World
  • Luxury Portfolio International
  • Shorewest Financial Associates LLC
  • My Dwelling Metro Milwaukee
  • HSA Home Warranty - Because Service Matters