Elm Grove Housing Market Report February 2025•Waukesha County, Wisconsin

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Housing Prices in Elm Grove, WI

How much do homes in Elm Grove, WI cost?

Housing Market Conditions

Is Elm Grove, WI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elm Grove is a Buyer's Market

Difference Since February 2024

At the same time last year, Elm Grove was a Seller's Market.

Insight

Elm Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$525,000$243/SqFt
-$100,000
-16.0%

Based on all homes sold in the last 12 months

Insight

Homes in Elm Grove have sold for 16% less than they did a year ago.

Summary: The median home sold price in Elm Grove was $525,000 in February 2025, down 16% from last year, and the median price per square foot was $243.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Brookfield
+6.4%
Wauwatosa
+3.9%
Elm Grove
-16.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$250K$287.5K
+15.0%
2$279.9K$301.5K
+7.7%
3$470K$490.5K
+4.4%
4$840K$675.8K
-19.5%
5$925K$915K
-1.1%

Summary: Elm Grove housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +15.0%. The home price for 2 bedroom homes increased by +7.7%. The home price for 3 bedroom homes increased by +4.4%. The home price for 4 bedroom homes decreased by -19.5%. The home price for 5 bedroom homes decreased by -1.1%.

How does Elm Grove, WI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elm Grove, WI

Housing supply in Elm Grove, WI

How many homes are available in Elm Grove, WI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
10Last MonthFeb 2025
62 months agoJan 2025
+66.7 %
Change MoMJan – Feb

Summary: The Elm Grove real estate market had 10 homes for sale in Feb 2025, a 66.7 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthFeb 2025
22 months agoJan 2025
-50.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
254
-20.0%
301
+100.0%
414
+300.0%
501
+100.0%

Summary: Elm Grove housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +300.0%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Elm Grove, WI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Elm Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Elm Grove in February 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Elm Grove, WI

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Elm Grove, WI

What homes are available in Elm Grove, WI?

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MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, for the period 03/01/2023 - 03/01/2025

© 2025 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 4:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.