Home Values

Town of Oconomowoc Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$226,400

  • -0.1% 1-year change
  • 1.3% 1-year forecast

The median home value in Town of Oconomowoc is $226,400. Town of Oconomowoc home values have declined -0.1% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Town of Oconomowoc is $141, which is higher than the Milwaukee Metro average of $108. The median price of homes currently listed in Town of Oconomowoc is $262,900 while the median price of homes that sold is $250,575.

Foreclosures will be a factor impacting home values in the next several years. In Town of Oconomowoc 1.2 homes are foreclosed (per 10,000). This is lower than the Milwaukee Metro value of 4.6 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Oconomowoc is 3.7%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Oconomowoc homeowners underwater on their mortgage is 7.9%, which is lower than Milwaukee Metro at 19.9%.

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Relative ZHVI
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Town of Oconomowoc Market Overview

Data through Nov 30, 2014
  • $226,400 ZHVI
  • 1.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $262,900 Median listing price
  • $250,575 Median sale price
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Town of Oconomowoc Market Health

Data through Nov 30, 2014
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 7.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Town of Oconomowoc
4.6 homes Milwaukee Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Town of Delafield $378,100
Town of Merton $352,600
Summit $345,300
Name Median ZHVI
Nashotah $328,200
Hartland $227,900
Dousman $214,100
Name Median ZHVI
Sullivan $208,200
Ixonia $196,500
Neosho $180,100

Listings & Sales

Data through Nov 30, 2014
  • $141 Median list price / sq ft
  • $140 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
27.8%
Sold below listing
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Town of Oconomowoc Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,613 Town of Oconomowoc
    $1,378 Milwaukee Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.79 Rent list price / sq ft (Oct 31, 2014)
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