Merton, WI Real Estate

Merton, Wisconsin, located in Waukesha County, is a town home to just under 9,000 residents. It is a very scenic area with many beautiful natural amenities like Pine Lake, Beaver Lake and North Lake. The township consists of several distinctive communities, all of which are interconnected by Merton’s 84 miles of town roads.

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Ralph Allen, the town’s first white settler, arrived in Merton in 1837. Just prior, the area had been occupied by Native Americans, who camped along the lakes and rivers during their journeys.

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Merton properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Merton Primary School (Merton) Merton Community School District public 390 Not Provided Merton Primary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Merton Intermediate School (Merton) Merton Community School District public 515 Not Provided Merton Intermediate School GreatSchools Rating
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Market Conditions

Market Conditions for Merton

August 2017

Median Sale Price
$438,500

 DOWN -13.16%
vs. Month Ago
Homes for Sale
78

 UP 23.80%
vs. Month Ago
Homes Sold
9

 DOWN -50.00%
vs. Month Ago
Avg Days on Market
53

  0.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $438,500. The median sales price for homes in August fell by ($66,500) compared to last month. This represents a 13.16% decrease from July. Compared to the same month last year, the median price of homes rose by $25,020 representing a 6.05% 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 rose by 15 in August to 78. This represents 23.8% increase from July when 63 homes were on the market. Compared to the same month last year when there were 87 homes for sale, the inventory of homes for sale has fallen by 9 representing a -10.34% 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 rose by 15 in August to 78. This represents 23.8% increase from July when 63 homes were on the market. Compared to the same month last year when there were 87 homes for sale, the inventory of homes for sale has fallen by 9 representing a -10.34% 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 (53) did not change Compared to the same month last year, the days on market for homes sold decreased by 19, a -26.38% 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 92.83% in August fell by 3.45% compared to July and increased 0.78% 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 (33) rose by 17 compared to July, a 106.25% change. Compared to August 2016, the number of new listings increased by 15, a 83.33% 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 $409,000. The median list price for homes in August fell by ($120,900) compared to last month. This represents a 22.81% decrease from July. Compared to the same month last year, the median list price of homes decreased ($15,900) representing a -3.74% 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

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