Is Waukesha, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waukesha is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Waukesha has remained a Seller's Market.

Key Takeaway

Waukesha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Waukesha, WI

How much do homes in Waukesha, WI cost?

Median Sold Price

$375,833

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,500(+2.9%)

Key Takeaway

Homes in Waukesha have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Waukesha was $375,833 in November 2024, up 2.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $157.7K$149.7K
-5.1%
2 $250K$268K
+7.2%
3 $350.3K$365K
+4.2%
4 $439.5K$466.3K
+6.1%
5+ $550K$630K
+14.5%

Summary: Waukesha housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Pewaukee
+10.9%
Waukesha
+2.9%

Housing Supply in Waukesha, WI

How many homes are available in Waukesha, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
275245-10.9%

Summary: The Waukesha real estate market had 245 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 64
-33.3%
2 4245
+7.1%
3 136124
-8.8%
4 7459
-20.3%
5+ 1713
-23.5%

Summary: The Waukesha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9180-12.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waukesha, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 80 homes were sold or pending in Waukesha in November 2024, down by 12.1% month-over-month. Of the 80 sold homes, 30% were sold under asking, 14% were sold at asking, and 56% were sold over asking.

Days on Market for Waukesha, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Waukesha, WI

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