$10,000 Closing Credit*
$995,000
2,408 SqFt
3 Beds
•2 Full Baths, 1 Partial
#1900016, Amber Balistreri, Listing Office: First Weber Inc - Delafield
Is Oconomowoc, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$543,111
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,144(+11.1%)
Key Takeaway
Homes in Oconomowoc have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Oconomowoc was $543,111 in October 2024, up 11.1% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $482.5K | +93.0% |
| 2 Bedrooms | $342.5K | $376.2K | +9.9% |
| 3 Bedrooms | $472.5K | $499.7K | +5.8% |
| 4 Bedrooms | $560K | $595K | +6.3% |
| 5+ Bedrooms | $1.2M | $740.5K | -40.8% |
Summary: Oconomowoc housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 40.8%.
Median Sold Price Compared To Nearby Cities
| Oconomowoc | $488.9K | $543.1K | +11.1% |
| Summit | $610K | $675K | +10.7% |
Housing Supply in Oconomowoc, WI
How many homes are available in Oconomowoc, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 159 | +1.3% |
Summary: The Oconomowoc real estate market had 159 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 28 | +33.3% |
| 3 Bedrooms | 75 | 76 | +1.3% |
| 4 Bedrooms | 45 | 38 | -15.6% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Oconomowoc housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 32 | -30.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oconomowoc, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Oconomowoc in October 2024, down by 30.4% month-over-month. Of the 32 sold homes, 41% were sold under asking, 28% were sold at asking, and 31% were sold over asking.
Days on Market for Oconomowoc, WI
We’re sorry, we don't have information for this market at the moment
