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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Demographics

Population Demographics

  City County State
Total Population 11 398,843 5,742,119
Total Households 5 156,956 2,299,100
Total Families 3 109,835 1,469,281
Population Density 2,196 25,063 446,124
Percent Male 45% 49% 50%
Percent Female 55% 51% 50%
White Collar Jobs 80% 73% 56%
Blue Collar Jobs 20% 27% 44%

Top Occupations

Professions Population Employed
Education 1
Management 1
Sales 1
Information, Scientific and Technical 1
Healthcare 1
Manufacturing 1
Retail 1
Construction 1
Social Services 0
Protective Services 0

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 5 164,151 2,641,602
Owner Occupied Housing Units 5 119,865 1,547,197
Renter Occupied Housing Units 0 37,036 751,903
Vacant Housing Units 0 7,253 342,513
Occupancy Rate 100% 96% 87%
Vehicles Per Housing Unit 2 56 1,563

Commute Time To Work

  City County State
Less than 5 minutes 0 5,607 124,926
5 - 14 minutes 2 18,649 371,943
15 - 29 minutes 3 30,004 447,970
30 - 44 minutes 1 27,799 290,447
45-59 minutes 0 13,643 152,657
Over 60 minutes 0 5,392 85,595

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 0 12,040 347,427
High School Graduate 1 67,861 1,239,522
Some College 2 57,592 817,979
Associates Degree 0 26,576 390,482
Bachelors Degree 3 76,034 713,854
Graduate Degree 1 27,800 261,553

Education Attainment


Market Conditions

Market Conditions for Merton

April 2019

Median Sale Price
$513,315

 UP 18.46%
vs. Month Ago
Homes for Sale
51

 UP 8.51%
vs. Month Ago
Homes Sold
10

 DOWN -33.33%
vs. Month Ago
Avg Days on Market
48

 DOWN -37.66%
vs. Month Ago

Median Sale Price

The median sale price for homes in April was $513,315. The median sales price for homes in April rose by $79,996 compared to last month. This represents a 18.46% increase from March. Compared to the same month last year, the median price of homes rose by $58,565 representing a 12.87% 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 4 in April to 51. This represents 8.51% increase from March when 47 homes were on the market. Compared to the same month last year when there were 39 homes for sale, the inventory of homes for sale has risen by 12 representing a 30.76% 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 10 homes sold in April was 5 less than in March. This represents a 33.33% decrease in sales from March. Compared to the same month last year, the number of homes sold decreased by 2, a -16.66% 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.

Avg Days on Market

The average days on market for a home sold in April (48) decreased by 29 days compared to March. This represents a 37.66% 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 32, a 200% 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 97.24% in April rose by 2.58% compared to March and increased 0.12% 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 April (20) fell by 1 compared to March, a 4.76% change. Compared to April 2018, the number of new listings increased by 7, a 53.84% 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 April was $529,950. The median list price for homes in April fell by ($14,950) compared to last month. This represents a 2.74% decrease from March. Compared to the same month last year, the median list price of homes increased $71,050 representing a 15.48% 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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