Oconomowoc, WI, Real Estate
Oconomowoc is a city that is on the southeast end of Wisconsin boarding Lake Michigan. The Oconomowoc name is derived by the Potawatomi's and means "waterfall". The estimated population for Oconomowoc is 16,847 according to the 2018 census.
Oconomowoc currently has 89 single family homes for sale with an average list price of $686,931, 1 townhouse for sale with a list price of $559,900, 26 condos for sale with an average list price of $690,612, and 8 lots for sale with an average list price of $682,850. The average annual property tax for Oconomowoc is $4,676.
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Oconomowoc, i.e. what's hot and what's not.
See What's Hot & What's Not in Oconomowoc
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Oconomowoc, i.e. what's hot and what's not.
Market Trends
Oconomowoc home sales for the month of March rose in volume by 56.5% when compared to last year, while the median sale price rose by 13.5% from $468,686 to $531,950. House sales rose by 77.8%, while the median sale price rose by 13.4% from $477,750 to $541,860. Condo sales decreased by 20%, while the median sale price rose by 47.2% from $239,100 to $352,000.
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533
|
497
|
411
|
330
|
| 2020 | 2021 | 2022 | 2023 |
| # of sales per year | |||
|
$379,900
|
$422,385
|
$470,000
|
$480,500
|
| 2020 | 2021 | 2022 | 2023 |
| median sale price per year | |||
Median Sale Price for Oconomowoc
Number of Sales for Oconomowoc
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