Oconomowoc, WI Real Estate

Oconomowoc, Wisconsin is a city in Waukesha County that serves as home to just under 15,000 residents. The city gained its name from a Potawatomi Indian term meaning, “River of Falling Waters,” due largely to the over 20 lakes within a 10-mile radius in Oconomowoc. The city is conveniently located halfway between Milwaukee and Madison and serves as a beautiful rural retreat. Oconomowoc’s natural beauty is offset by its outstanding school system, quality healthcare and bustling economy.

To find homes for sale in Oconomowoc, click here.

 

Real Estate in Oconomowoc, Wisconsin

Oconomowoc has a little bit of everything as far as real estate goes. There is a wide variety of houses for sale in Oconomowoc, one of the safest neighborhoods in Wisconsin. Merchants Platt is a small lakeside subdivision of fine custom homes for sale on large lots, built mostly in the 1900s. The main streets through Oconomowoc are lined with gorgeous old Queen Ann style homes, most of which have been painstakingly restored to their former glory. Houses for sale in Oconomowoc were built predominantly between 1900 and 1940. The pride of ownership in these established neighborhoods is evident through the level of care homeowners dedicate to their properties. If you prefer newer subdivisions, there are several built during the 1960s-1980s that contain many houses for sale in Oconomowoc. All of these subdivisions are neat, clean and stable. Newer still, there are many subdivisions containing houses for sale in Oconomowoc that are completely modern and some that are still under development. Oconomowoc’s real estate market has been growing exponentially in recent years and includes scenic lakeside homes, traditional country farmhouses, contemporary condominiums and apartments.

 

Living in Oconomowoc

Oconomowoc, Wisconsin is the heart of Lake Country, and its residents take full advantage of the incredible recreation opportunities afforded to them. The water activities are endless, from swimming to skiing, fishing to boating; Oconomowoc homeowners spend much of their time at the city’s lakes. Fowler Lake and Lac La Belle are two of the lakes that lie within the downtown district, bringing a rural feel to the bustling business center of this small town. Lac La Belle has a Friday Night Concert series that includes the American Legion Band. Moonlit Movies plays movies for children in Fowler Park at dusk following the Badgerland Water Ski Shows.

The Oconomowoc Parks, Recreation and Forestry Department provide some unique activities and opportunities to Oconomowoc residents. Teaming up with the Oconomowoc Area Chamber of Commerce, the Oconomowoc Parks, Recreation and Forestry Department put on events that would be impossible in larger cities. On one such event, they closed off the main downtown street and showed the iconic film “The Wizard of Oz” on a large screen in the middle of the street for children and families!

Children also enjoy the recently built Imagination Station, a community built, universally accessible playground. This completely inclusive playground provides a unique, heartwarming place where children of all abilities can play, regardless of any physical difficulties. Oconomowoc also has over 45 parks and lake access points, which provide a fun experience for everyone!

Downtown Oconomowoc is undergoing a complete revitalization at this time, including several large developments planned to bring people downtown to work and live. From a large city park downtown right on the lakefront to two large condominium projects, Oconomowoc’s downtown will be completely revitalized with small shops and businesses scattered throughout.

Overall, Oconomowoc is a very laid-back, outdoorsy community. Locals stroll through the beautiful community, taking in the views of the many lakes, and explore the opportunities presented by the Parks, Recreation and Forestry Department. Additionally, Oconomowoc homeowners like to stop in at the Kiltie Drive-In for a genuine taste of Americana. Everything on the menu is delicious at this summer staple, but be sure to try some of their famous custard! Many Oconomowoc residents break out their vintage cars to drive up to this completely retro drive-in, completing the 50s experience.

Oconomowoc is also an incredibly safe community, serviced by the Oconomowoc City Police Department as well as the Oconomowoc Fire Department. Additionally, Oconomowoc has many highly accredited hospitals, including a nationally recognized behavioral health services hospital and the first network-accredited cancer center in the nation to receive the American College of Surgeons Outstanding Achievement award in recognition of quality care. Not only does the city have some of the best healthcare per capita in the Midwest, but arguably in the entire United States.

 

Schools in Oconomowoc

The education system in the Oconomowoc area is excellent. The area is served by the Oconomowoc Area School District, consisting of five elementary schools, two middle schools and one high school. The schools offer supplemental learning opportunities in addition to the core curriculums, providing students with a well-rounded education. This system delivers results – Oconomowoc students score above the national averages on the ACT test and the high school graduation rate is almost 98 percent.

Secondary educational opportunities are abundant as well – Waukesha County Technical College is a two-year college located nearby and offers diplomas in a variety of fields. Carroll University is a private liberal arts college offering degrees in more than 36 fields. The University of Wisconsin – Waukesha is a four-year college with a concentration in liberal arts. The city’s convenient location also provides access to colleges in Milwaukee and Madison including University of Wisconsin – Milwaukee, University of Wisconsin – Madison, Marquette University, Milwaukee School of Engineering and the Milwaukee Institute of Art and Design.

 

Business in Oconomowoc

The city’s business climate has been growing rapidly over the years. Current major employers include International Bioflavors, the world leader in the development and manufacture of natural dairy flavors, and Bruno Independent Living Aids, a maker of state-of-the-art stair lifts, power chairs and other personal mobility products. Other businesses are often located in one of the four business parks in the area. The city offers companies some of the state’s lowest tax rates and access to many banks and financial institutions eager to provide capital to new and expanding businesses – all catalysts to the growth and success of the Oconomowoc business community.

Show more

Oconomowoc’s first residents were the Potawatomi Indians, until one of the founders of Milwaukee established a trading post in 1827. Oconomowoc’s name refers to the many lakes and waterways throughout the city, making it a prime area for business when the city was founded. Although business today relies less on water transportation, Oconomowoc remains a stronghold for small and large businesses alike while providing ample entertainment for adults and children of all ages.

Show more

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Greenland Elementary School (Oconomowoc) Oconomowoc Area School District public 401 Not Provided Greenland Elementary School GreatSchools Rating
Ixonia Elementary School (Ixonia) Oconomowoc Area School District public 259 Not Provided Ixonia Elementary School GreatSchools Rating
Mary Linsmeier Schools (Oconomowoc) private 0 Not Provided Mary Linsmeier Schools GreatSchools Rating
Meadow View Elementary School (Oconomowoc) Oconomowoc Area School District public 533 Not Provided Meadow View Elementary School GreatSchools Rating
Park Lawn Elementary School (Oconomowoc) Oconomowoc Area School District public 454 Not Provided Park Lawn Elementary School GreatSchools Rating
Summit Elementary School (Oconomowoc) Oconomowoc Area School District public 551 Not Provided Summit Elementary School GreatSchools Rating
Show More
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Impact School of Oconomowoc (Oconomowoc) private 0 Not Provided Impact School of Oconomowoc GreatSchools Rating
Nature Hill Intermediate School (Oconomowoc) Oconomowoc Area School District public 807 Not Provided Nature Hill Intermediate School GreatSchools Rating
Silver Lake Intermediate School (Oconomowoc) Oconomowoc Area School District public 732 Not Provided Silver Lake  Intermediate School GreatSchools Rating
St Jerome Parish School (Oconomowoc) private 0 Not Provided St Jerome Parish School GreatSchools Rating
St Matthew Lutheran School (Oconomowoc) private 138 Not Provided St Matthew Lutheran School GreatSchools Rating
St Paul's Evangelical Lutheran School (Oconomowoc) private 0 Not Provided St Paul's Evangelical Lutheran School GreatSchools Rating
Stone Bank Elementary School (Oconomowoc) Stone Bank School District public 362 Not Provided Stone Bank Elementary School GreatSchools Rating
Show More
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Abundant Life Christian Academy (Oconomowoc) private 0 Not Provided Abundant Life Christian Academy GreatSchools Rating
Genesee Lake School (Oconomowoc) private 0 Not Provided Genesee Lake School GreatSchools Rating
Oconomowoc High School (Oconomowoc) Oconomowoc Area School District public 1487 Not Provided Oconomowoc High School GreatSchools Rating
Show More
Demographics

Population Demographics

  City County State
Total Population 34,626 398,843 5,742,119
Total Households 13,367 156,956 2,299,100
Total Families 9,623 109,835 1,469,281
Population Density 301 25,063 446,124
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 73% 73% 56%
Blue Collar Jobs 27% 27% 44%

Top Occupations

Professions Population Employed
Healthcare 4,111
Sales 3,267
Management 3,160
Manufacturing 3,092
Retail 3,039
Information, Scientific and Technical 2,208
Transportation 2,109
Education 1,754
Professional Services 1,497
Arts and Media 1,482

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 14,535 164,151 2,641,602
Owner Occupied Housing Units 10,381 119,865 1,547,197
Renter Occupied Housing Units 2,955 37,036 751,903
Vacant Housing Units 1,199 7,253 342,513
Occupancy Rate 92% 96% 87%
Vehicles Per Housing Unit 2 56 1,563

Commute Time To Work

  City County State
Less than 5 minutes 739 5,607 124,926
5 - 14 minutes 3,917 20,904 374,198
15 - 29 minutes 5,704 33,711 451,677
30 - 44 minutes 4,044 29,675 292,323
45-59 minutes 1,808 13,643 152,657
Over 60 minutes 1,037 5,615 85,818

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 975 12,040 347,427
High School Graduate 5,862 67,861 1,239,522
Some College 4,834 57,592 817,979
Associates Degree 2,280 26,576 390,482
Bachelors Degree 6,589 76,034 713,854
Graduate Degree 3,378 28,645 262,398

Education Attainment


Market Conditions

Market Conditions for Oconomowoc

April 2019

Median Sale Price
$335,000

 DOWN -10.04%
vs. Month Ago
Homes for Sale
152

 DOWN -8.98%
vs. Month Ago
Homes Sold
49

 UP 96.00%
vs. Month Ago
Avg Days on Market
41

 DOWN -57.29%
vs. Month Ago

Median Sale Price

The median sale price for homes in April was $335,000. The median sales price for homes in April fell by ($37,393) compared to last month. This represents a 10.04% decrease from March. Compared to the same month last year, the median price of homes rose by $30,000 representing a 9.83% 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 15 in April to 152. This represents 8.98% decrease from March when 167 homes were on the market. Compared to the same month last year when there were 154 homes for sale, the inventory of homes for sale has fallen by 2 representing a -1.29% 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 49 homes sold in April was 24 more than in March. This represents a 96% increase in sales from March. Compared to the same month last year, the number of homes sold increased by 12, a 32.43% 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.

Avg Days on Market

The average days on market for a home sold in April (41) decreased by 55 days compared to March. This represents a 57.29% 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 1, a -2.38% 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 97.36% in April rose by 1.95% compared to March and decreased 3.66% 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 (51) fell by 33 compared to March, a 39.28% change. Compared to April 2018, the number of new listings decreased by 1, a -1.92% 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 $339,900. The median list price for homes in April rose by $10,000 compared to last month. This represents a 3.03% increase from March. Compared to the same month last year, the median list price of homes increased $12,450 representing a 3.8% 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.


Notice: Trying to get property of non-object in /usr/share/wordpress/community/shorewest_community/wp-content/themes/community/sidebar-community-city.php on line 33



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