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 GreatSchool Rank
Benjamin Franklin Elementary And Early Learning Ce (Menomonee Falls) Menomonee Falls School District public 693 Not Provided Benjamin Franklin Elementary And Early Learning Ce GreatSchools Rating
Lannon Elementary School (Lannon) Hamilton School District public 276 Not Provided Lannon Elementary School GreatSchools Rating
Maple Avenue Elementary School (Sussex) Hamilton School District public 463 Not Provided Maple Avenue Elementary School GreatSchools Rating
Marcy Elementary School (Menomonee Falls) Hamilton School District public 574 Not Provided Marcy Elementary School GreatSchools Rating
Riverside Elementary School (Menomonee Falls) Menomonee Falls School District public 374 Not Provided Riverside Elementary School GreatSchools Rating
Shady Lane Elementary School (Menomonee Falls) Menomonee Falls School District public 408 Not Provided Shady Lane Elementary School GreatSchools Rating
Valley View Elementary School (Menomonee Falls) Menomonee Falls School District public 365 Not Provided Valley View Elementary School GreatSchools Rating
Woodside Elementary School (Sussex) Hamilton School District public 644 Not Provided Woodside Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Aquinas Academy (Menomonee Falls) private 121 Not Provided Aquinas Academy GreatSchools Rating
Bethlehem Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Bethlehem Evangelical Lutheran School GreatSchools Rating
Bethlehem Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Bethlehem Evangelical Lutheran School GreatSchools Rating
Grace Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Grace Evangelical Lutheran School GreatSchools Rating
North Middle School (Menomonee Falls) Menomonee Falls School District public 883 Not Provided North Middle School GreatSchools Rating
Pilgrim Lutheran School (Menomonee Falls) private 110 Not Provided Pilgrim Lutheran School GreatSchools Rating
St Anthony School (Menomonee Falls) private 0 Not Provided St Anthony School GreatSchools Rating
St. Mary Parish School (Menomonee Falls) private 358 Not Provided St. Mary Parish School GreatSchools Rating
Templeton Middle School (Sussex) Hamilton School District public 1054 Not Provided Templeton Middle School GreatSchools Rating
Zion Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Zion Evangelical Lutheran School GreatSchools Rating
Zion Lutheran Grade School (Menomonee Falls) private 123 Not Provided Zion Lutheran Grade School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Falls Baptist Academy (Menomonee Falls) private 0 Not Provided Falls Baptist Academy GreatSchools Rating
Hamilton High School (Sussex) Hamilton School District public 1405 Not Provided Hamilton High School GreatSchools Rating
Menomonee Falls High School (Menomonee Falls) Menomonee Falls School District public 1455 Not Provided Menomonee Falls High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 35,996 398,843 5,742,119
Total Households 14,689 156,956 2,299,100
Total Families 9,906 109,835 1,469,281
Population Density 1,074 25,063 446,124
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 75% 73% 56%
Blue Collar Jobs 25% 27% 44%

Top Occupations

Professions Population Employed
Manufacturing 3,952
Healthcare 3,798
Sales 3,506
Retail 3,385
Information, Scientific and Technical 3,143
Management 3,123
Transportation 2,562
Education 2,445
Professional Services 1,665
Arts and Media 1,201

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 15,233 164,151 2,641,602
Owner Occupied Housing Units 11,042 119,865 1,547,197
Renter Occupied Housing Units 3,644 37,036 751,903
Vacant Housing Units 547 7,253 342,513
Occupancy Rate 96% 96% 87%
Vehicles Per Housing Unit 2 56 1,563

Commute Time To Work

  City County State
Less than 5 minutes 384 5,607 124,926
5 - 14 minutes 4,594 21,074 374,368
15 - 29 minutes 8,408 35,308 453,274
30 - 44 minutes 3,461 28,848 291,496
45-59 minutes 598 13,643 152,657
Over 60 minutes 593 5,678 85,881

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 1,274 12,040 347,427
High School Graduate 6,919 67,861 1,239,522
Some College 4,709 57,592 817,979
Associates Degree 2,483 26,576 390,482
Bachelors Degree 6,868 76,034 713,854
Graduate Degree 3,444 28,442 262,195

Education Attainment


Market Conditions

Market Conditions for Menomonee Falls

December 2018

Median Sale Price
$294,000

 UP 15.29%
vs. Month Ago
Homes for Sale
129

 DOWN -12.83%
vs. Month Ago
Homes Sold
31

 DOWN -31.11%
vs. Month Ago
Avg Days on Market
62

 UP 24.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in December was $294,000. The median sales price for homes in December rose by $39,000 compared to last month. This represents a 15.29% increase from November. Compared to the same month last year, the median price of homes rose by $12,106 representing a 4.29% 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 19 in December to 129. This represents 12.83% decrease from November when 148 homes were on the market. Compared to the same month last year when there were 112 homes for sale, the inventory of homes for sale has risen by 17 representing a 15.17% 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 19 in December to 129. This represents 12.83% decrease from November when 148 homes were on the market. Compared to the same month last year when there were 112 homes for sale, the inventory of homes for sale has risen by 17 representing a 15.17% 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 December (62) increased by 12 days compared to November. This represents a 24% 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 increased by 15, a 31.91% 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 96.59% in December fell by 1.23% compared to November and increased 1.22% 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 December (24) fell by 11 compared to November, a 31.42% change. Compared to December 2017, the number of new listings increased by 7, a 41.17% 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 December was $269,950. The median list price for homes in December fell by ($39,950) compared to last month. This represents a 12.89% decrease from November. Compared to the same month last year, the median list price of homes decreased ($129,850) representing a -32.47% 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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