Elm Grove 2025 Real Estate Recap
Homes Sold
In 2025 there were 47 single family homes (down 11 from LY) and 32 condos (up 2 from LY) sold in Elm Grove. The condo market saw a little bump this year, but there was almost a 19% reduction in single family homes sold.
Homes sold is the total count of properties in the market area that have had a closed sale during the specified year as reported in the MLS systems operating within the market area.
Median Sale Price
The median sale price for single family homes was $825,000 (up $52,750 from LY) and $297,700 (down $5,550 from LY) for condos.
The median sales price is the middle value of all sales occurring in the market during the past year when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.
Average Days on Market (DOM)
The average days on market for a single family home was 12 (down 8). The average days on market for a condo was 26 (up 6). In the second half of the year the market slowed down a little resulting in accumulation of days on market, especially for condos. While the single family market slowed down, it was still relatively competitive.
Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.
Sale to List Price Ratio
The sale to list price ratio for single family homes was 100.03% (up 2.19% from LY) and for condos it was 98% (down .67% from LY). The increase in DOM for condos contributed to the lower sale prices, while the faster single family sales helped boost their sale prices. This demonstrates why proper pricing is extremely important.
Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the year and dividing by the number of listings sold during the year.
*All statistics are per MLS data
2026 Outlook
Wisconsin, and especially the Metro Milwaukee area continues to contradict national headlines because we don’t see as drastic of swings in the market as the coasts do. The Spring market will likely bring buyer competition, but as that slows we could head into more or a balanced market.
That doesn’t mean that there will be as many listings available as there are buyers, but that some markets will be competitive and some slower. If you have an questions about what to expect in 2026, please reach out!
Home appreciation is projected to be around 5% with interest rates between 6-6.25% for the beginning of the year.
