Is West Allis, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Allis has remained a Seller's Market.
Housing Prices in West Allis, WI
How much do homes in West Allis, WI cost?
Median Sold Price
$242,971
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Allis was $242,971 in May 2024, up 9.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $97.7K | -15.7% |
2 Bedrooms | $171K | $203.5K | +19.0% |
3 Bedrooms | $232K | $250K | +7.8% |
4 Bedrooms | $243.5K | $255K | +4.7% |
5+ Bedrooms | $260K | $288K | +10.8% |
Summary: West Allis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
West Milwaukee | $175K | $216.5K | +23.7% |
Wauwatosa | $345K | $380K | +10.1% |
West Allis | $222.1K | $242.9K | +9.4% |
Greenfield | $265K | $282.2K | +6.5% |
Milwaukee | $225.2K | $234.9K | +4.3% |
Housing Supply in West Allis, WI
How many homes are available in West Allis, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 134 | +8.9% |
Summary: The West Allis real estate market had 134 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 65 | 74 | +13.8% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The West Allis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 62 | +40.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in West Allis in May 2024, up by 40.9% month-over-month. Of the 62 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for West Allis, WI
We’re sorry, we don't have information for this market at the moment