Waukesha, WI Real Estate

Waukesha (pronounced waw-ki-shaw) is located 18 miles west of Milwaukee and 59 miles east of Madison.

Over 68,000 people call Waukesha their home, making it the fifth largest city in southeastern Wisconsin. Waukesha is the county seat of Waukesha County and the largest community in the county, covering over 27 square miles. It is located on both sides of the Fox River and borders City of Brookfield, Town of Brookfield, Genesee, New Berlin, City of Pewaukee, Village of Pewaukee, Town of Delafield and Town of Waukesha.

To find homes for sale in Waukesha, click here.

Real Estate
Waukesha offers many housing options, ranging from new-construction to older, historic homes. Single-family homes are most common, though condominiums and apartment complexes are sprinkled throughout the area. Newer subdivisions have sprung up in a variety of price points on the city’s outskirts.

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Just a half-hour drive from downtown Milwaukee, Waukesha often seems like it’s a world away with life slightly slower here than it is in downtown Milwaukee. Waukesha offers many big-city amenities, including the Waukesha Choral Union, the Civic Theater, the Waukesha Symphony Orchestra and Waukesha County Historical Museum.

The city also boasts its own airport, the Waukesha County Airport (also known as Crites Field), which can accommodate small airplanes and corporate jets. It is one of the fastest-growing airports in the state in terms of landings and departures.

Waukesha also has its own hospital, Waukesha Memorial Hospital.

Well-known and respected Carroll University is located in Waukesha. Carroll University, often called Wisconsin’s pioneer college, is the oldest four-year institution of higher education in the state. In 1841, settlers living in the Wisconsin Territory community of Prairieville established the academy that five years later would become Carroll College. Soon after its founding, Carroll affiliated with the Presbyterian Church and adopted the motto, “Christo et Litteris,” which means “for Christ and Learning.” Alfred Lunt attended Carroll College and went on to become a part of one of the greatest acting partnerships in American theatre. His acting partner and wife was Lynn Fontanne. Fred MacMurray attended Carroll College before becoming an actor most famously known for playing Steve Douglas on the hit TV series My Three Sons.

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Waukesha is also one of the older cities in southeastern Wisconsin, being first inhabited in 1834 by Morris D. Cutler (its first non-American-Indian settler). It was originally incorporated in 1846 as the Village of Prairieville and in 1847 changed it’s name to Waukesha.

Its streets were built on the well-worn paths of early Native American inhabitants who converged at a place called “five points” in the city’s center. In the late 1800s, Waukesha’s natural spring water turned it into a resort town that attracted people from around the country, including Mrs. Abraham Lincoln and President Ulysses S. Grant. Many landmarks of that bygone era remain, including the spring house located at “five points.”

Some interesting facts about Waukesha include: Waukesha was home to Les Paul who invented the electric guitar, as well as the first 8-track tape recorder. Frank Caliendo grew up in Waukesha. Today he is famous for his impressions on MADtv, FOX NFL Sunday and Frank TV. The well-known BoDeans rock and roll group was formed in Waukesha. They are known most for their song “Closer to Free” which was the theme song for Party of Five TV series. In 1916, the Waukesha Pure Food Company began production of Jiffy Jell, the predecessor of today’s Jell-O.

Olympic gymnastic medalists, Morgan and Paul Hamm (twin brothers), hale from Waukesha.

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Waukesha properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Banting Elementary School (Waukesha) Waukesha School District Public 475 15 BANTING ELEMENTARY SCHOOL GreatSchools Rating
Bethesda Elementary School (Waukesha) Waukesha School District Public 400 19 BETHESDA ELEMENTARY SCHOOL GreatSchools Rating
Blair Elementary School (Waukesha) Waukesha School District Public 300 14 BLAIR ELEMENTARY SCHOOL GreatSchools Rating
Butler Middle School (Waukesha) Waukesha School District Public 900 14 BUTLER MIDDLE SCHOOL GreatSchools Rating
Eachieve Academy (Waukesha) Waukesha School District Public 825 Not Reported EACHIEVE ACADEMY GreatSchools Rating
Eachieve Elementary (Waukesha) Waukesha School District Public 89 30 EACHIEVE ELEMENTARY GreatSchools Rating
Hadfield Elementary School (Waukesha) Waukesha School District Public 310 14 HADFIELD ELEMENTARY SCHOOL GreatSchools Rating
Hawthorne Elementary School (Waukesha) Waukesha School District Public 300 13 HAWTHORNE ELEMENTARY SCHOOL GreatSchools Rating
Heyer Elementary School (Waukesha) Waukesha School District Public 420 16 HEYER ELEMENTARY SCHOOL GreatSchools Rating
Hillcrest Elementary School (Waukesha) Waukesha School District Public 324 17 HILLCREST ELEMENTARY SCHOOL GreatSchools Rating
Horning Middle School (Waukesha) Waukesha School District Public 700 14 HORNING MIDDLE SCHOOL GreatSchools Rating
Les Paul Middle School - Central Campus (Waukesha) Waukesha School District Public 725 13 LES PAUL MIDDLE SCHOOL - CENTRAL CAMPUS GreatSchools Rating
Lowell Elementary School (Waukesha) Waukesha School District Public 261 13 LOWELL ELEMENTARY SCHOOL GreatSchools Rating
Meadowbrook Elementary School (Waukesha) Waukesha School District Public 300 17 MEADOWBROOK ELEMENTARY SCHOOL GreatSchools Rating
North High School (Waukesha) Waukesha School District Public 1152 17 NORTH HIGH SCHOOL GreatSchools Rating
Prairie Elementary School (Waukesha) Waukesha School District Public 300 18 PRAIRIE ELEMENTARY SCHOOL GreatSchools Rating
Rose Glen Elementary School (Waukesha) Waukesha School District Public 526 19 ROSE GLEN ELEMENTARY SCHOOL GreatSchools Rating
South High School (Waukesha) Waukesha School District Public 1315 14 SOUTH HIGH SCHOOL GreatSchools Rating
Summit View Elementary School (Waukesha) Waukesha School District Public 560 20 SUMMIT VIEW ELEMENTARY SCHOOL GreatSchools Rating
Waukesha Academy Of Health Professions (Waukesha) Waukesha School District Public 189 Not Reported WAUKESHA ACADEMY OF HEALTH PROFESSIONS GreatSchools Rating
Waukesha Engineering Preparatory Academy (Waukesha) Waukesha School District Public 69 Not Reported WAUKESHA ENGINEERING PREPARATORY ACADEMY GreatSchools Rating
Waukesha Stem Academy - Randall Campus (Waukesha) Waukesha School District Public 504 20 WAUKESHA STEM ACADEMY - RANDALL CAMPUS GreatSchools Rating
West High School (Waukesha) Waukesha School District Public 1201 18 WEST HIGH SCHOOL GreatSchools Rating
Whittier Elementary School (Waukesha) Waukesha School District Public 220 17 WHITTIER ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 97,200 406,801 5,852,878
Total Households 38,043 158,933 2,349,819
Total Families 25,580 113,516 1,516,725
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 58% 58% 58%
Blue Collar Jobs 42% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 15,415
Healthcare 10,125
Sales 7,995
Manufacturing 6,082
Maintenance 4,634
Management 3,830
Transportation 3,694
Food 3,613
Construction 2,690
Social Services 2,479

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 25,502 122,491 1,601,729
Renter Occupied Housing Units 12,541 36,442 748,090
Vacant Housing Units 1,632 7,923 311,518
Occupancy Rate 96% 94% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 1,472 5,900 135,725
5 - 15 minutes 15,046 49,795 877,463
15 - 30 minutes 18,608 78,620 975,154
30 - 45 minutes 8,552 37,118 370,565
45-60 minutes 2,245 9,432 120,537
Over 60 minutes 1,430 5,898 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 2,707 7,569 224,571
High School Graduate 16,648 67,894 1,256,597
Some College 14,943 58,126 833,955
Associates Degree 6,663 27,255 410,260
Bachelors Degree 16,351 78,050 747,113
Graduate Degree 7,642 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Waukesha - February 2020 | Shorewest Realtors®
February 2020

Market Conditions for Waukesha

Median Sale Price Graph

Median Sale Price

The median sale price for homes in February was $216,750. The median sales price for homes in February fell by ($8,250) compared to last month. This represents a 3.66% decrease from January. Compared to the same month last year, the median price of homes rose by $6,750 representing a 3.21% 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 2 in February to 168. This represents 1.2% increase from January when 166 homes were on the market. Compared to the same month last year when there were 162 homes for sale, the inventory of homes for sale has risen by 6 representing a 3.7% 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 57 homes sold in February was 10 more than in January. This represents a 21.27% increase in sales from January. Compared to the same month last year, the number of homes sold increased by 2, a 3.63% 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 (37) decreased by 5 days compared to January. This represents a 11.9% 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 decreased by 2, a -5.12% 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 97.25% in February rose by 2.57% compared to January and increased 0.64% 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 (85) rose by 9 compared to January, a 11.84% change. Compared to February 2019, the number of new listings increased by 10, a 13.33% 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 $249,900. The median list price for homes in February fell by ($27,550) compared to last month. This represents a 9.92% decrease from January. Compared to the same month last year, the median list price of homes increased $9,900 representing a 4.12% 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.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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