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
View photos & details
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Compass Real Estate · Oconomowoc, WI
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Oconomowoc, WI(512) 555-0184TX License #0512847
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Oconomowoc, WI Housing Market & Real Estate
Seller's market-14.9% YoY
Housing market overview · Updated monthly ·
$490,000median sale price
How is the Oconomowoc, WI housing market right now?
The median home sale price in Oconomowoc, WI is $490,000, down 14.9% year-over-year. Homes sell in an average of 50 days with 81 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 Oconomowoc a buyer's or seller's market?
Seller's market2.2 months of supply50 avg. days on market
Oconomowoc, WI is currently a seller's market, based on 2.2 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
37
Last 12 weeks
Days on market
50
Average pace
Active listings
81
2.2 months supply
Sale-to-list
101.1%
Above asking
What does the Oconomowoc housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $532,400 |
| Year-over-year price change | -14.9% |
| Average days on market | 50 days |
| Active inventory | 81 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $275/sq ft |
| Homes sold (latest month) | 37 |
| New listings (latest month) | 44 |
| Listings with a price cut | 4.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oconomowoc by property type?
How the Oconomowoc, 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 | $502,450 | $274/sq ft | 32 | 42 days |
| Condo / Co-op | $413,000 | $277/sq ft | 5 | 85 days |
Source: Redfin · Updated monthly
The Oconomowoc housing market is currently classified as a seller's market with a median sale price of $490,000. Prices have fallen 14.9% compared to last year, with homes spending an average of 50 days on market, indicating 2.2 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 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
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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%
Who lives in Oconomowoc?
Population
18,385
Median income
$105,833/yr
Median age
43.1 years
Owner-occupied
68.0%
College grads
46.9%
Avg commute
25.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Oconomowoc?
Zillow home value
$556,282
Zillow rent index
$1,862/mo
Price-to-rent ratio
24.9x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Oconomowoc?
Oconomowoc is a community of approximately 18K residents with a median age of 43.1 years.The median household income is $105,833, which reflects a relatively affluent area with strong earning potential. 46.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 68.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oconomowoc offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Oconomowoc side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Oconomowoc?
Is Oconomowoc a good real estate investment market?
For investors evaluating Oconomowoc, the price-to-rent ratio of 24.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 14.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Oconomowoc's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oconomowoc's median home price.
Frequently asked questions
What is the average home price in Oconomowoc?
The median home sale price in Oconomowoc is $490,000, down 14.9% from last year.
How long do homes stay on market in Oconomowoc?
Homes typically spend 50 days on market before going under contract.
What is the median income in Oconomowoc?
The median household income is $105,833 per year.
Is Oconomowoc a buyer's or seller's market?
With 2.2 months of supply, Oconomowoc is currently a seller's market.
How many homes are for sale in Oconomowoc?
There are currently 81 homes listed for sale in Oconomowoc, WI.
What is the Zillow home value estimate for Oconomowoc?
The Zillow Home Value Index (ZHVI) for Oconomowoc is $556,282, representing the typical home value in the area.
What is the median condo price in Oconomowoc?
The median condo/co-op sale price in Oconomowoc, WI is $413,000, compared to $502,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oconomowoc?
The median single-family home price in Oconomowoc, WI is $502,450 (about $274 per square foot).
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