$64,900
0.41 Acres
Land
#1902074, Kevin Zokan, Listing Office: ERA MyPro Realty
Is Oconomowoc, 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, Oconomowoc has remained a Seller's Market.
Key Takeaway
Oconomowoc is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oconomowoc, WI
How much do homes in Oconomowoc, WI cost?
Median Sold Price
$540,572
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,792(+8.2%)
Key Takeaway
Homes in Oconomowoc have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Oconomowoc was $540,572 in November 2024, up 8.2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $482.5K | +93.0% |
| 2 Bedrooms | $324.9K | $410K | +26.2% |
| 3 Bedrooms | $479.2K | $481.9K | +0.6% |
| 4 Bedrooms | $565K | $592.8K | +4.9% |
| 5+ Bedrooms | $1.5M | $751K | -51.0% |
Summary: Oconomowoc housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 51%.
Median Sold Price Compared To Nearby Cities
| Oconomowoc | $499.7K | $540.5K | +8.2% |
| Summit | $650K | $689K | +6.0% |
Housing Supply in Oconomowoc, WI
How many homes are available in Oconomowoc, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 141 | -7.2% |
Summary: The Oconomowoc real estate market had 141 homes for sale in November 2024, a 7.2% 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 | 27 | 23 | -14.8% |
| 3 Bedrooms | 73 | 66 | -9.6% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Oconomowoc 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 decreased by 14.8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 27 | -32.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oconomowoc, you may be able to get a good deal. 37% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Oconomowoc in November 2024, down by 32.5% month-over-month. Of the 27 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Oconomowoc, WI
We’re sorry, we don't have information for this market at the moment
