Merton, WI Real Estate

Merton, Wisconsin 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.

History
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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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Merton Intermediate School (Merton) Merton Community School District Public 400 16 MERTON INTERMEDIATE SCHOOL GreatSchools Rating
Merton Primary School (Merton) Merton Community School District Public 450 16 MERTON PRIMARY SCHOOL GreatSchools Rating
Market Conditions
Market Conditions for Merton - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Merton

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $478,500. The median sales price for homes in July rose by $8,500 compared to last month. This represents a 1.8% increase from June. Compared to the same month last year, the median price of homes rose by $3,500 representing a 0.73% 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 1 in July to 45. This represents 2.27% increase from June when 44 homes were on the market. Compared to the same month last year when there were 69 homes for sale, the inventory of homes for sale has fallen by 24 representing a -34.78% 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 17 homes sold in July was 4 less than in June. This represents a 19.04% decrease in sales from June. Compared to the same month last year, the number of homes sold decreased by 2, a -10.52% 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 (48) decreased by 1 days compared to June. This represents a 2.04% 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 increased by 21, a 77.77% 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 99.88% in July rose by 3.34% compared to June and increased 2.43% 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 (21) fell by 3 compared to June, a 12.5% change. Compared to July 2019, the number of new listings increased by 3, a 16.66% 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 $539,000. The median list price for homes in July rose by $11,600 compared to last month. This represents a 2.19% increase from June. Compared to the same month last year, the median list price of homes increased $36,650 representing a 7.29% 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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