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 93 single family homes for sale with an average list price of $690,193, 2 townhouses for sale with an average list price of $504,900, 25 condos for sale with an average list price of $698,756, and 8 lots for sale with an average list price of $643,100. The average annual property tax for Oconomowoc is $4,671.
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 April decreased in volume by 13% when compared to last year, while the median sale price rose by 3.2% from $465,000 to $480,000. House sales stayed the same, while the median sale price decreased by 3.9% from $499,372 to $480,000. Condo sales decreased by 60%, while the median sale price rose by 33.2% from $320,000 to $426,200.
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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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