$2,255 Closing Credit*
$189,900
1,180 SqFt
2 Beds
•1 Full Bath, 1 Partial
#1899367, Real Estate Done Right Team*, Listing Office: First Weber Inc - Brookfield
Is Elm Grove, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elm Grove has remained a Seller's Market.
Key Takeaway
Elm Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elm Grove, WI
How much do homes in Elm Grove, WI cost?
Median Sold Price
$575,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$50,000(-8.0%)
Key Takeaway
Homes in Elm Grove have sold for 8% less than they did a year ago.
Summary: The median home sold price in Elm Grove was $575,000 in November 2024, down 8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.7K | $275K | +7.5% |
| 2 Bedrooms | $277.4K | $301.5K | +8.7% |
| 3 Bedrooms | $464K | $502.4K | +8.3% |
| 4 Bedrooms | $780K | $795.5K | +2.0% |
| 5+ Bedrooms | $900K | $915K | +1.7% |
Summary: Elm Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $441.4K | $481.5K | +9.1% |
| Wauwatosa | $370.8K | $387.1K | +4.4% |
| Elm Grove | $625K | $575K | -8.0% |
Housing Supply in Elm Grove, WI
How many homes are available in Elm Grove, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Elm Grove real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elm Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elm Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Elm Grove in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Elm Grove, WI
We’re sorry, we don't have information for this market at the moment
