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Featured local agent — Elm Grove, WI
Sarah Mitchell
Compass Real Estate · Elm Grove, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elm Grove, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$906,000median sale price
How is the Elm Grove, WI housing market right now?
The median home sale price in Elm Grove, WI is $906,000, up 0.7% year-over-year. Homes sell in an average of 24 days with 28 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elm Grove a buyer's or seller's market?
Elm Grove, WI is currently a seller's market, based on 4.0 months of supply and homes selling in about 24 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
24
Average pace
Active listings
28
4.0 months supply
Sale-to-list
111.2%
Above asking
What does the Elm Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $906,000 |
| Median list price | $700,000 |
| Year-over-year price change | +0.7% |
| Average days on market | 24 days |
| Active inventory | 28 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 111.2% |
| Median price per sq ft | $315/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 21 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elm Grove by property type?
How the Elm Grove, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $906,000 | $315/sq ft | 7 | 24 days |
| Condo / Co-op | $532,500 | $220/sq ft | 2 | 123 days |
Source: Redfin · Updated monthly
The Elm Grove housing market is currently classified as a seller's market with a median sale price of $906,000. Prices have risen 0.7% compared to last year, with homes spending an average of 24 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Elm Grove
There are currently 28 homes listed for sale in Elm Grove, Wisconsin. The median listing price is $700K.
Active listings
28
Homes on market
Median list price
$700K
Avg. days on market
24
Days until sale
New this week
21
Newly listed
Who lives in Elm Grove?
Population
6,428
Median income
$133,304/yr
Median age
44.6 years
Owner-occupied
88.4%
College grads
67.0%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elm Grove?
Zillow home value
$707,635
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Elm Grove?
Elm Grove is a community of approximately 6K residents with a median age of 44.6 years.The median household income is $133,304, which reflects a relatively affluent area with strong earning potential. 67.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elm Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elm Grove?
2 schools tracked · 1,396 students
The largest public schools serving Elm Grove, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pilgrim Park Middle
Grades 6-8 · 876 students
Tonawanda Elementary
Grades PK-5 · 520 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elm Grove, WI?
Want a head-to-head view? Compare Elm Grove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elm Grove?
The median home sale price in Elm Grove is $906,000, up 0.7% from last year.
How long do homes stay on market in Elm Grove?
Homes typically spend 24 days on market before going under contract.
What is the median income in Elm Grove?
The median household income is $133,304 per year.
Is Elm Grove a buyer's or seller's market?
With 4.0 months of supply, Elm Grove is currently a seller's market.
What is the Zillow home value estimate for Elm Grove?
The Zillow Home Value Index (ZHVI) for Elm Grove is $707,635, representing the typical home value in the area.
What is the median condo price in Elm Grove?
The median condo/co-op sale price in Elm Grove, WI is $532,500, compared to $906,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elm Grove?
The median single-family home price in Elm Grove, WI is $906,000 (about $315 per square foot).
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