Is West Allis, 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, West Allis has remained a Seller's Market.
Key Takeaway
West Allis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Allis, WI
How much do homes in West Allis, WI cost?
Median Sold Price
$242,971
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Allis have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in West Allis was $242,971 in May 2024, up 9.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $97.7K | -15.7% |
| 2 Bedrooms | $171K | $203.5K | +19.0% |
| 3 Bedrooms | $232K | $250K | +7.8% |
| 4 Bedrooms | $243.5K | $255K | +4.7% |
| 5+ Bedrooms | $260K | $288K | +10.8% |
Summary: West Allis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| West Milwaukee | $175K | $216.5K | +23.7% |
| Wauwatosa | $345K | $380K | +10.1% |
| West Allis | $222.1K | $242.9K | +9.4% |
| Greenfield | $265K | $282.2K | +6.5% |
| Milwaukee | $225.2K | $234.9K | +4.3% |
Housing Supply in West Allis, WI
How many homes are available in West Allis, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 123 | 134 | +8.9% |
Summary: The West Allis real estate market had 134 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 39 | 40 | +2.6% |
| 3 Bedrooms | 65 | 74 | +13.8% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The West Allis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 62 | +40.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Allis, you could pay more than the asking price. 80.6% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in West Allis in May 2024, up by 40.9% month-over-month. Of the 62 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for West Allis, WI
We’re sorry, we don't have information for this market at the moment
