Sussex, WI Real Estate

Sussex Real Estate

Sussex, Wisconsin is a small village that continues to develop in Waukesha County. The rural area provides land for development for commercial and industrial businesses. Nestled between the towns of Menomonee Falls, Hartland and Waukesha, Sussex offers a great location for those who enjoy countryside living. The village is committed to the safety and quality of life of its residents.

Real Estate
The Sussex housing market provides a variety of single-family homes for sales. Houses on the market include three-bedroom Ranches, classic Colonials, gorgeous two-story homes and newly-built homes with excellent features. Homes in the Eagles Ridge Subdivision offer fabulous floor plans with luxurious amenities.

Amenities
Sussex hosts many special events for residents to enjoy such as raffles, festivals, and open houses for new facilities. The village also hosts planning events to get residents and local businesses involved in the resolving issues. The annual three-day event is usually scheduled in early July.

Sussex Lions Days is the biggest event of the year. The event offers a parade, bingo tournament, softball tournament and tractor pull. Live music, food and beverages add to the festival. The fireworks show and pony rides are popular with the kids.

Ausblick Ski Club offers a ski facility that includes a ski hill, snow making equipment and cooling pond to its members. Programs such as snowboarding, racing and freestyle are provided at the facility. Events and parties are also organized by the facility’s social committee.

Fairways of Woodside Golf Course provides a beautiful view of the surrounding landscape as golfers make their way through more than 550 yards of holes. The course is setup to challenge for the most amateur to the most experienced golfers to take on.

History
The first settlers in the area were George Elliot and Richard Cooling. In 1843, Cooling began a blacksmith shop. Other settlers soon followed the lead of Elliot and Cooling. The four-corners area, where Cooling established his shop, was a high-traffic area intersected by Main and South Streets (currently Maple Ave.). Construction of churches, shops, companies and the Wisconsin Central Railroad soon followed in the mid to late 1800s. The Northwestern Railroad and the Bug Line played key roles in generating traffic into the Sussex area. The village was incorporated in late 1924 after a second petition was presented.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Hamilton High School (Sussex) Hamilton School District Public 1465 17 HAMILTON HIGH SCHOOL GreatSchools Rating
Maple Avenue Elementary School (Sussex) Hamilton School District Public 424 15 MAPLE AVENUE ELEMENTARY SCHOOL GreatSchools Rating
Richmond Elementary School (Sussex) Richmond School District Public 475 16 RICHMOND ELEMENTARY SCHOOL GreatSchools Rating
Templeton Middle School (Sussex) Hamilton School District Public 1116 15 TEMPLETON MIDDLE SCHOOL GreatSchools Rating
Woodside Elementary School (Sussex) Hamilton School District Public 660 15 WOODSIDE ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 19,444 406,801 5,852,878
Total Households 7,347 158,933 2,349,819
Total Families 5,616 113,516 1,516,725
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 52% 58% 58%
Blue Collar Jobs 48% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 1,784
Manufacturing 1,493
Healthcare 1,108
Sales 860
Maintenance 674
Transportation 570
Construction 493
Management 477
Food 262
Social Services 245

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 431 7,569 224,571
High School Graduate 3,276 67,894 1,256,597
Some College 3,060 58,126 833,955
Associates Degree 1,554 27,255 410,260
Bachelors Degree 3,653 78,050 747,113
Graduate Degree 1,208 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Sussex - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Sussex

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $351,200. The median sales price for homes in July fell by ($88,800) compared to last month. This represents a 20.18% decrease from June. Compared to the same month last year, the median price of homes rose by $33,701 representing a 10.61% 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 fell by 1 in July to 25. This represents 3.84% decrease from June when 26 homes were on the market. Compared to the same month last year when there were 50 homes for sale, the inventory of homes for sale has fallen by 25 representing a -50% 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 12 homes sold in July was the same as in June. Compared to the same month last year, the number of homes sold decreased by 2, a -14.28% 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 (39) decreased by 6 days compared to June. This represents a 13.33% 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 30, a 333.33% 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 101.27% in July rose by 2.17% compared to June and increased 8.61% 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 (13) fell by 2 compared to June, a 13.33% change. Compared to July 2019, the number of new listings decreased by 11, a -45.83% 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 $350,000. The median list price for homes in July fell by ($35,000) compared to last month. This represents a 9.09% decrease from June. Compared to the same month last year, the median list price of homes decreased ($57,945) representing a -14.2% 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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