$4,691 Closing Credit*
$395,000
1,797 SqFt
3 Beds
•2 Full Baths, 1 Partial
#1902295, Laura Reichelt, Listing Office: First Weber Inc - Menomonee Falls
Is Menomonee Falls, 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, Menomonee Falls has remained a Seller's Market.
Key Takeaway
Menomonee Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menomonee Falls, WI
How much do homes in Menomonee Falls, WI cost?
Median Sold Price
$410,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+9.3%)
Key Takeaway
Homes in Menomonee Falls have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Menomonee Falls was $410,000 in November 2024, up 9.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.9K | $127.5K | +7.2% |
| 2 Bedrooms | $301K | $310K | +3.0% |
| 3 Bedrooms | $359.9K | $375K | +4.2% |
| 4 Bedrooms | $540K | $545K | +0.9% |
| 5+ Bedrooms | $715.6K | $699.5K | -2.3% |
Summary: Menomonee Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Lannon | $432.6K | $599.9K | +38.7% |
| Menomonee Falls | $375K | $410K | +9.3% |
| Brookfield | $441.4K | $481.5K | +9.1% |
| Butler | $260K | $267.5K | +2.9% |
| Lisbon | $550K | $549.8K | 0% |
Housing Supply in Menomonee Falls, WI
How many homes are available in Menomonee Falls, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 124 | -12.7% |
Summary: The Menomonee Falls real estate market had 124 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 81 | 71 | -12.3% |
| 4 Bedrooms | 38 | 32 | -15.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Menomonee Falls 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 remained the same, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 30 | -30.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menomonee Falls, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Menomonee Falls in November 2024, down by 30.2% month-over-month. Of the 30 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.
Days on Market for Menomonee Falls, WI
We’re sorry, we don't have information for this market at the moment
