New Listing
19
$300,000
207 Oconomowoc Pkwy
Oconomowoc, WI 53066
2 bd2 ba1,315 sqft$228/ft²
Condo
Jj Hausmann Team* · Compass RE WI-Lake Country
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Oconomowoc, WI Housing Market
Seller's market+6.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Oconomowoc, WI is worth $553,179, rose 6.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $490,000, -14.9% year over year (through May 2026). With 2.2 months of supply and homes going under contract in about 50 days, Oconomowoc is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $553,179 home is about $2,953/mo in principal and interest.
Key numbers for Oconomowoc, WI
Typical home value
$553,179
+6.0% in 12 months
Zillow, August 2026
Typical asking rent
$1,854/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$490,000
-14.9% year over year
Redfin, through May 2026
Days on market
50
Average pace
Redfin, through May 2026
Active listings
81
2.2 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$105,833
Home costs 5.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Oconomowoc a buyer's or seller's market?
Seller's market2.2 months of supply50 days on market101.1% of asking
Oconomowoc, WI is a seller's market, based on 2.2 months of supply and homes selling in about 50 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Oconomowoc housing market data show?
Every row below is Redfin's final published month for Oconomowoc, WI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $532,400 |
| Year-over-year price change | -14.9% |
| Median price per sq ft | $275/sq ft |
| Median days on market | 50 days |
| Active inventory | 81 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 101.1% |
| Homes sold (that month) | 37 |
| New listings (that month) | 44 |
| Listings with a price cut | 4.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Oconomowoc is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Oconomowoc is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Oconomowoc home prices moved?
Over the last three years the median sale price in Oconomowoc, WI rose 6.8%, from $458,750 to $490,000. The live Zillow value series has rose 6.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 4.9% of Oconomowoc listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.2 months while the sale-to-list ratio slips below its current 101.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Oconomowoc?
Priced off the typical home value of $553,179 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $110,636 | $442,543 | $2,953/mo |
| 5% | $27,659 | $525,520 | $3,507/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,953, that implies roughly $126,565 a year before you add taxes and insurance. The median household in Oconomowoc earns $105,833, about $20,732 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Oconomowoc in the next 12 months?
Tell us your timeline. We send the Oconomowoc market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Oconomowoc?
Typical asking rent in Oconomowoc, WI is $1,854/mo, against a typical home value of $553,179. That is a price-to-rent ratio of 24.9x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,953 a month — $1,100 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Oconomowoc?
Active listings in Oconomowoc, WI went from 82 in May 2025 to 81 in May 2026, a -1.2% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 77 | 33 |
| July 2025 | 78 | 34 |
| August 2025 | 79 | 31 |
| September 2025 | 85 | 37 |
| October 2025 | 89 | 36 |
| November 2025 | 81 | 25 |
| December 2025 | 75 | 15 |
| January 2026 | 76 | 32 |
| February 2026 | 79 | 23 |
| March 2026 | 94 | 48 |
| April 2026 | 82 | 36 |
| May 2026 | 81 | 44 |
Redfin, through May 2026
How does Oconomowoc compare to Wisconsin and the U.S.?
Oconomowoc homes sell for $490,000 — 36% above the Wisconsin median of $361,600. Against the national median of $410,700, Oconomowoc runs 19% higher. Year-over-year, Oconomowoc moved -14.9% against Wisconsin's +6.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Oconomowoc, WI | $490,000 | -14.9% | 50 days |
| Wisconsin statewide | $361,600 | +6.5% | 44 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Oconomowoc
What buyers should watch
- Months of supply, currently 2.2. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 4.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $554 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $553,179 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Oconomowoc listing goes under contract in 50 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Oconomowoc added 44 new listings against 37 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +6.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Oconomowoc varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Oconomowoc
There are currently 81 homes listed for sale in Oconomowoc, Wisconsin. The median listing price is $532K. Featured listings range from $300,000 to $659,900.
New Listing
37
$300,000
754 Summit Ave
Oconomowoc, WI 53066
2 bd1 ba903 sqft$332/ft²
House19,166 sqft lot
Heidi Swan · Shorewest Realtors, Inc.
View photos & details
New Listing
31
$334,900
305 S Concord Rd
Oconomowoc, WI 53066
2 bd1 ba1,151 sqft$291/ft²
House13,068 sqft lot
The Roth Team* · Shorewest Realtors, Inc.
View photos & details
New Listing
42
$369,900
627 W Wisconsin Ave
Oconomowoc, WI 53066
3 bd2 ba1,569 sqft$236/ft²
House7,405 sqft lot
Christel Penn · Berkshire Hathaway HomeServices Sophia Barry Realty Group
View photos & details
New Listing
33
$374,900
888 Wildwood Pl
Oconomowoc, WI 53066
3 bd2 ba1,650 sqft$227/ft²
House23,522 sqft lot
Amy Hopfinger & Co. Team* · EXP Realty, LLC~MKE
View photos & details
New Build
18
$444,900
1007 Elderberry Rd
Oconomowoc, WI 53066
2 bd2 ba1,317 sqft$338/ft²
Multi-family
View photos & details
New Listing
28
$469,900
W260 Vista Dr
Oconomowoc, WI 53066
3 bd3 ba2,100 sqft$224/ft²
House23,958 sqft lot
Shay Froemming · Froemming Realty LLC
View photos & details
New Build
$539,900
1201 Arrowood Cir W
Oconomowoc, WI 53066
3 bd3 ba1,660 sqft$325/ft²
House
View photos & details
New Build
$539,900
1166 Arrowood Cir W
Oconomowoc, WI 53066
3 bd3 ba1,603 sqft$337/ft²
House
View photos & details
New Build
$544,900
1182 Arrowood Cir W
Oconomowoc, WI 53066
3 bd2 ba1,482 sqft$368/ft²
House
View photos & details
New Build
$609,900
1190 Arrowood Cir W
Oconomowoc, WI 53066
4 bd3 ba2,056 sqft$297/ft²
House
View photos & details
New Build
$659,900
1722 Hammock Ln
Oconomowoc, WI 53066
4 bd3 ba2,500 sqft$264/ft²
House10,019 sqft lot
Greggory Schmidt · Gregg Schmidt Realty LLC
View photos & details
Looking to buy in Oconomowoc?
Get connected with a local real estate expert — free, no obligation.
Active listings
81
Homes on market
Median list price
$532K
Avg. days on market
50
Days until sale
New this week
44
Newly listed
Price drops:4.9%of listings
Sale-to-list:101.1%
How much do homes cost in Oconomowoc by property type?
How the Oconomowoc, WI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $502,450 | $274/sq ft | 32 | 42 days |
| Condo / co-op | $413,000 | $277/sq ft | 5 | 85 days |
Who lives in Oconomowoc?
American Community Survey estimates for Oconomowoc. U.S. Census ACS, 2023
Population
18,385
Households
7,638
Median income
$105,833/yr
Median age
43.1 years
Owner-occupied
68.0%
Median home value
$367,700
Median gross rent
$1,235/mo
Mean commute
25.4 min
68.0% of occupied homes in Oconomowoc are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $367,700 against Zillow's $553,179 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,235/mo, below Zillow's $1,854/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Oconomowoc?
10 schools tracked · 5,656 students
The largest public schools serving Oconomowoc, 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.
Oconomowoc High
Grades 9-12 · 1,633 students
Nature Hill Intermediate
Grades 5-8 · 758 students
Silver Lake Intermediate
Grades 5-8 · 639 students
Lake Country Classical Academy Inc
Grades K-11 · 548 students
Meadow View Elementary
Grades PK-4 · 532 students
Summit Elementary
Grades PK-4 · 484 students
Park Lawn Elementary
Grades PK-4 · 387 students
Stone Bank Elementary
Grades PK-8 · 285 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 Oconomowoc, WI?
Ordered by distance from Oconomowoc, not by size. Compare Oconomowoc side by side with any of them.
Which ZIP codes are in Oconomowoc?
These are the ZIP codes we see on active Oconomowoc listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Oconomowoc housing market FAQ
Is Oconomowoc a buyer's or seller's market?
Oconomowoc, WI is currently a seller's market. That read comes from 2.2 months of supply, homes going under contract in about 50 days, and sellers getting 101.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Oconomowoc?
The typical home in Oconomowoc, WI is worth $553,179 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $490,000, about $275 per square foot.
Is Oconomowoc cheaper than the rest of Wisconsin?
Oconomowoc's median sale price of $490,000 is 36% higher than the Wisconsin statewide median of $361,600, and 19% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Oconomowoc?
Homes in Oconomowoc, WI spent a median of 50 days on market before going under contract, versus 44 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Oconomowoc?
At the current 30-year fixed rate of 7.03%, 20% down on a $553,179 home is about $2,953 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $126,565 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $105,833.
Are home prices rising in Oconomowoc?
The typical home value in Oconomowoc, WI rose 6.0% over the last 12 months, from $521,941 to $553,179 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Oconomowoc?
Oconomowoc ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Oconomowoc?
That depends on your timeline, not on a headline. What the data says today: Oconomowoc, WI is a seller's market with 2.2 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 24.9x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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