Merton, WI Real Estate

Merton, Wisconsin Real Estate

Merton, Wisconsin, located in Waukesha County, is a town home to just under 9,000 residents. It is a very scenic area with many beautiful natural amenities like Pine Lake, Beaver Lake and North Lake. The township consists of several distinctive communities, all of which are interconnected by Merton’s 84 miles of town roads.

History
Ralph Allen, the town’s first white settler, arrived in Merton in 1837. Just prior, the area had been occupied by Native Americans, who camped along the lakes and rivers during their journeys.

To find real estate for sale in Merton, click here.

Show more

Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Merton Intermediate School  (Merton) Merton Community School District Public 400 16 MERTON INTERMEDIATE SCHOOL GreatSchools Rating
Merton Primary School  (Merton) Merton Community School District Public 450 16 MERTON PRIMARY SCHOOL GreatSchools Rating
Market Conditions
Market Conditions for Merton - February 2024 | Shorewest Realtors®
February 2024

Market Conditions for Merton

Median Sale Price Graph

Median Sale Price

The median sale price for homes in February was $565,000. The median sales price for homes in February fell by ($55,000) compared to last month. This represents a 8.87% decrease from January. Compared to the same month last year, the median price of homes rose by $240,000 representing a 73.84% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 1 in February to 16. This represents 6.66% increase from January when 15 homes were on the market. Compared to the same month last year when there were 11 homes for sale, the inventory of homes for sale has risen by 5 representing a 45.45% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 11 homes sold in February was 6 more than in January. This represents a 120% increase in sales from January. Compared to the same month last year, the number of homes sold increased by 10, a 1,000% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in February (78) decreased by 6 days compared to January. This represents a 7.14% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 72, a 1,200% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 97.79% in February rose by 1.96% compared to January and decreased 17.25% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in February (15) rose by 11 compared to January, a 275% change. Compared to February 2023, the number of new listings increased by 7, a 87.5% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in February was $675,000. The median list price for homes in February rose by $15,500 compared to last month. This represents a 2.35% increase from January. Compared to the same month last year, the median list price of homes increased $195,050 representing a 40.63% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.