Waukesha, WI Real Estate

Waukesha (pronounced waw-ki-shaw) is located 18 miles west of Milwaukee and 59 miles east of Madison.

Over 68,000 people call Waukesha their home, making it the fifth largest city in southeastern Wisconsin. Waukesha is the county seat of Waukesha County and the largest community in the county, covering over 27 square miles. It is located on both sides of the Fox River and borders City of Brookfield, Town of Brookfield, Genesee, New Berlin, City of Pewaukee, Village of Pewaukee, Town of Delafield and Town of Waukesha.

To find homes for sale in Waukesha, click here.

Real Estate
Waukesha offers many housing options, ranging from new-construction to older, historic homes. Single-family homes are most common, though condominiums and apartment complexes are sprinkled throughout the area. Newer subdivisions have sprung up in a variety of price points on the city’s outskirts.

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Just a half-hour drive from downtown Milwaukee, Waukesha often seems like it’s a world away with life slightly slower here than it is in downtown Milwaukee. Waukesha offers many big-city amenities, including the Waukesha Choral Union, the Civic Theater, the Waukesha Symphony Orchestra and Waukesha County Historical Museum.

The city also boasts its own airport, the Waukesha County Airport (also known as Crites Field), which can accommodate small airplanes and corporate jets. It is one of the fastest-growing airports in the state in terms of landings and departures.

Waukesha also has its own hospital, Waukesha Memorial Hospital.

Well-known and respected Carroll University is located in Waukesha. Carroll University, often called Wisconsin’s pioneer college, is the oldest four-year institution of higher education in the state. In 1841, settlers living in the Wisconsin Territory community of Prairieville established the academy that five years later would become Carroll College. Soon after its founding, Carroll affiliated with the Presbyterian Church and adopted the motto, “Christo et Litteris,” which means “for Christ and Learning.” Alfred Lunt attended Carroll College and went on to become a part of one of the greatest acting partnerships in American theatre. His acting partner and wife was Lynn Fontanne. Fred MacMurray attended Carroll College before becoming an actor most famously known for playing Steve Douglas on the hit TV series My Three Sons.

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Waukesha is also one of the older cities in southeastern Wisconsin, being first inhabited in 1834 by Morris D. Cutler (its first non-American-Indian settler). It was originally incorporated in 1846 as the Village of Prairieville and in 1847 changed it’s name to Waukesha.

Its streets were built on the well-worn paths of early Native American inhabitants who converged at a place called “five points” in the city’s center. In the late 1800s, Waukesha’s natural spring water turned it into a resort town that attracted people from around the country, including Mrs. Abraham Lincoln and President Ulysses S. Grant. Many landmarks of that bygone era remain, including the spring house located at “five points.”

Some interesting facts about Waukesha include: Waukesha was home to Les Paul who invented the electric guitar, as well as the first 8-track tape recorder. Frank Caliendo grew up in Waukesha. Today he is famous for his impressions on MADtv, FOX NFL Sunday and Frank TV. The well-known BoDeans rock and roll group was formed in Waukesha. They are known most for their song “Closer to Free” which was the theme song for Party of Five TV series. In 1916, the Waukesha Pure Food Company began production of Jiffy Jell, the predecessor of today’s Jell-O.

Olympic gymnastic medalists, Morgan and Paul Hamm (twin brothers), hale from Waukesha.

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Waukesha properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Banting Elementary School (Waukesha) Waukesha School District public 498 Not Provided Banting Elementary School GreatSchools Rating
Beautiful Savior Lutheran School (Waukesha) private 58 Not Provided Beautiful Savior Lutheran School GreatSchools Rating
Bethesda Elementary School (Waukesha) Waukesha School District public 424 Not Provided Bethesda Elementary School GreatSchools Rating
Blair Elementary School (Waukesha) Waukesha School District public 421 Not Provided Blair Elementary School GreatSchools Rating
Hadfield Elementary School (Waukesha) Waukesha School District public 342 Not Provided Hadfield Elementary School GreatSchools Rating
Hawthorne Elementary School (Waukesha) Waukesha School District public 286 Not Provided Hawthorne Elementary School GreatSchools Rating
Heyer Elementary School (Waukesha) Waukesha School District public 447 Not Provided Heyer Elementary School GreatSchools Rating
Hillcrest Elementary School (Waukesha) Waukesha School District public 356 Not Provided Hillcrest Elementary School GreatSchools Rating
Lowell Elementary School (Waukesha) Waukesha School District public 298 Not Provided Lowell Elementary School GreatSchools Rating
Meadowbrook Elementary School (Waukesha) Waukesha School District public 299 Not Provided Meadowbrook Elementary School GreatSchools Rating
Prairie Elementary School (Waukesha) Waukesha School District public 379 Not Provided Prairie Elementary School GreatSchools Rating
Rose Glen Elementary School (Waukesha) Waukesha School District public 498 Not Provided Rose Glen Elementary School GreatSchools Rating
Summit View Elementary School (Waukesha) Waukesha School District public 562 Not Provided Summit View Elementary School GreatSchools Rating
Waukesha Catholic - St William (Waukesha) private 0 Not Provided Waukesha Catholic - St William GreatSchools Rating
Waukesha Catholic School - St Mary (Waukesha) private 272 Not Provided Waukesha Catholic School - St Mary GreatSchools Rating
Whittier Elementary School (Waukesha) Waukesha School District public 300 Not Provided Whittier Elementary School GreatSchools Rating
eAchieve Elementary (Waukesha) Waukesha School District charter 40 Not Provided eAchieve Elementary GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Butler Middle School (Waukesha) Waukesha School District public 942 Not Provided Butler Middle School GreatSchools Rating
Central Middle School (Waukesha) Waukesha School District public 613 Not Provided Central Middle School GreatSchools Rating
Christ the Life Lutheran School (Waukesha) private 0 Not Provided Christ the Life Lutheran School GreatSchools Rating
Horning Middle School (Waukesha) Waukesha School District public 764 Not Provided Horning Middle School GreatSchools Rating
Montessori School Of Waukesha (Waukesha) private 217 Not Provided Montessori School Of Waukesha GreatSchools Rating
Mount Calvary Lutheran School (Waukesha) private 162 Not Provided Mount Calvary Lutheran School GreatSchools Rating
Trinity Lutheran School (Waukesha) private 209 Not Provided Trinity Lutheran School GreatSchools Rating
Waukesha Catholic Middle School-St Joseph Campus (Waukesha) private 0 Not Provided Waukesha Catholic Middle School-St Joseph Campus GreatSchools Rating
Waukesha Stem Academy (Waukesha) Waukesha School District charter 832 Not Provided Waukesha Stem Academy GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Catholic Memorial High School (Waukesha) private 659 Not Provided Catholic Memorial High School GreatSchools Rating
Harvey Philip Alternative Charter School (Waukesha) Waukesha School District charter 97 Not Provided Harvey Philip Alternative Charter School GreatSchools Rating
North High School (Waukesha) Waukesha School District public 1122 Not Provided North High School GreatSchools Rating
South High School (Waukesha) Waukesha School District public 1053 Not Provided South High School GreatSchools Rating
Waukesha Academy Of Health Professions (Waukesha) Waukesha School District charter 195 Not Provided Waukesha Academy Of Health Professions GreatSchools Rating
Waukesha Christian Academy (Waukesha) private 52 Not Provided Waukesha Christian Academy GreatSchools Rating
Waukesha Engineering Preparatory Academy (Waukesha) Waukesha School District charter 122 Not Provided Waukesha Engineering Preparatory Academy GreatSchools Rating
Waukesha Transition Academy (Waukesha) Waukesha School District public 41 Not Provided Waukesha Transition Academy GreatSchools Rating
West High School (Waukesha) Waukesha School District public 1227 Not Provided West High School GreatSchools Rating
eAchieve Academy Wisconsin (Waukesha) Waukesha School District charter 700 Not Provided eAchieve Academy Wisconsin GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 95,579 398,843 5,742,119
Total Households 37,609 156,956 2,299,100
Total Families 24,599 109,835 1,469,281
Population Density 4,310 25,063 446,124
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 69% 73% 56%
Blue Collar Jobs 31% 27% 44%

Top Occupations

Professions Population Employed
Manufacturing 9,963
Healthcare 9,692
Sales 7,734
Information, Scientific and Technical 7,580
Retail 7,553
Management 7,252
Transportation 6,538
Education 5,948
Arts and Media 5,275
Professional Services 4,058

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 38,869 164,151 2,641,602
Owner Occupied Housing Units 24,804 119,865 1,547,197
Renter Occupied Housing Units 12,803 37,036 751,903
Vacant Housing Units 1,264 7,253 342,513
Occupancy Rate 97% 96% 87%
Vehicles Per Housing Unit 6 56 1,563

Commute Time To Work

  City County State
Less than 5 minutes 1,572 5,607 124,926
5 - 14 minutes 13,405 26,676 379,970
15 - 29 minutes 19,366 41,511 459,477
30 - 44 minutes 9,853 31,295 293,943
45-59 minutes 3,100 13,643 152,657
Over 60 minutes 1,802 6,165 86,368

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 3,928 12,040 347,427
High School Graduate 16,118 67,861 1,239,522
Some College 14,850 57,592 817,979
Associates Degree 6,421 26,576 390,482
Bachelors Degree 16,108 76,034 713,854
Graduate Degree 7,022 29,373 263,126

Education Attainment


Market Conditions

Market Conditions for Waukesha

November 2017

Median Sale Price
$206,000

 DOWN -6.78%
vs. Month Ago
Homes for Sale
235

 DOWN -12.63%
vs. Month Ago
Homes Sold
79

 DOWN -13.18%
vs. Month Ago
Avg Days on Market
43

 DOWN -2.27%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $206,000. The median sales price for homes in November fell by ($15,000) compared to last month. This represents a 6.78% decrease from October. Compared to the same month last year, the median price of homes fell by ($11,700) representing a -5.37% 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 34 in November to 235. This represents 12.63% decrease from October when 269 homes were on the market. Compared to the same month last year when there were 277 homes for sale, the inventory of homes for sale has fallen by 42 representing a -15.16% 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 fell by 34 in November to 235. This represents 12.63% decrease from October when 269 homes were on the market. Compared to the same month last year when there were 277 homes for sale, the inventory of homes for sale has fallen by 42 representing a -15.16% 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 November (43) decreased by 1 days compared to October. This represents a 2.27% 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 48, a -52.74% 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 95.77% in November rose by 0.39% compared to October and increased 0.52% 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 November (76) fell by 11 compared to October, a 12.64% change. Compared to November 2016, the number of new listings increased by 9, a 13.43% 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 November was $196,900. The median list price for homes in November fell by ($22,900) compared to last month. This represents a 10.41% decrease from October. Compared to the same month last year, the median list price of homes increased $7,000 representing a 3.68% 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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