Is Wauwatosa, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wauwatosa has remained a Seller's Market.
Key Takeaway
Wauwatosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wauwatosa, WI
How much do homes in Wauwatosa, WI cost?
Median Sold Price
$380,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wauwatosa have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Wauwatosa was $380,000 in May 2024, up 10.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $135K | -44.9% |
| 2 Bedrooms | $244.1K | $287K | +17.6% |
| 3 Bedrooms | $345K | $369.9K | +7.2% |
| 4 Bedrooms | $400K | $439.7K | +9.9% |
| 5+ Bedrooms | $440.4K | $724.9K | +64.6% |
Summary: Wauwatosa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 64.6%.
Median Sold Price Compared To Nearby Cities
| Butler | $240K | $270K | +12.5% |
| Elm Grove | $560K | $627.5K | +12.1% |
| Wauwatosa | $345K | $380K | +10.1% |
| West Allis | $222.1K | $242.9K | +9.4% |
| Milwaukee | $225.2K | $234.9K | +4.3% |
Housing Supply in Wauwatosa, WI
How many homes are available in Wauwatosa, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 141 | 151 | +7.1% |
Summary: The Wauwatosa real estate market had 151 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 86 | 94 | +9.3% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Wauwatosa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 67 | +45.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wauwatosa, you could pay more than the asking price. 83.6% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Wauwatosa in May 2024, up by 45.7% month-over-month. Of the 67 sold homes, 10% were sold under asking, 6% were sold at asking, and 84% were sold over asking.
Days on Market for Wauwatosa, WI
We’re sorry, we don't have information for this market at the moment
