Vernon, WI Real Estate

Populated by 7,441 people, Vernon, Wisconsin offers a tranquil and rural atmosphere to the people who reside in the town. The town borders the surrounding communities: Waterford, Waukesha, Big Bend, Mukwonago, Muskego and New Berlin. Occupying a small area of the state, Vernon covers approximately 35 square miles. Residents and visitors can view the peaceful Fox River running through town and the Vernon Marsh hugging the northwest corner. Commuting from the rural town is easy via I-43, Highway 164, National Avenue and Forest Home Avenue. Enjoy country living in Vernon with a beautiful landscape.

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Real Estate
The Town of Vernon provides an assortment of homes within its market. People looking to settle in the town can find ranch homes on large acre lots, cute capes on secluded acreage and contemporary style homes. Prices for homes range from $158,000 – $1.3 million in the area. New subdivision growth is focused south of the I-43 corridor and includes: Ripple Brook West, Scenic Ridge, Sunset Meadows and many more. The town offers a variety of homes for any lifestyle.

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Vernon provides many recreational opportunities around the area. Learn about the history of Vernon at the Vernon County Museum. The museum showcases artifacts used by Native Americans, Fur Traders and agricultural pioneers. Take pleasure in the Vernon Vineyards, which specializes in premium wines created from cold climate grapes. For those winter months, winter sports enthusiasts can ride the Vernon County Snowmobile Trails. Take advantage of the warm summer months and plan a camping trip at nearby West Fork Campground & Cabins. The campground is positioned next to the West Fork Trout stream, which is a great spot for fishing. Vernon presents activities indoor and outdoor activities for anyone.

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Formerly a part of Muskego, the Town of Vernon was established on March 8, 1839 by an act of the state legislature. The first settlers were John Dodge, Prucius Putman, Curtis B. and Orien Haseltine who arrived from Vermont. There is still speculation about the origin of the town’s name. Historians say it was named by Haseltine and other historians speculate that it was named after Mt. Vernon.

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Vernon properties for sale

Market Conditions

Market Conditions for Vernon

August 2017

Median Sale Price
$285,000

 UP 4.77%
vs. Month Ago
Homes for Sale
23

 UP 27.77%
vs. Month Ago
Homes Sold
3

 DOWN -50.00%
vs. Month Ago
Avg Days on Market
13

 DOWN -35.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $285,000. The median sales price for homes in August rose by $13,000 compared to last month. This represents a 4.77% increase from July. Compared to the same month last year, the median price of homes fell by ($250) representing a -0.08% 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 5 in August to 23. This represents 27.77% increase from July when 18 homes were on the market. Compared to the same month last year when there were 23 homes for sale, the inventory of homes for sale has did not change 0 representing a 0% 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 5 in August to 23. This represents 27.77% increase from July when 18 homes were on the market. Compared to the same month last year when there were 23 homes for sale, the inventory of homes for sale has did not change 0 representing a 0% 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 (13) decreased by 7 days compared to July. This represents a 35% 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 42, a -76.36% 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 98.59% in August fell by 0.79% compared to July and increased 0.09% 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 (6) fell by 3 compared to July, a 33.33% change. Compared to August 2016, the number of new listings increased by 2, a 50% 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 $346,750. The median list price for homes in August rose by $21,850 compared to last month. This represents a 6.72% increase from July. Compared to the same month last year, the median list price of homes increased $9,250 representing a 2.74% 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.




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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