Oconomowoc, WI 53066 Real Estate Market Report
ZIP Code: 53066
Report Date: April 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
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The primary market indicator, median sold price 544,450, confirms recent transaction strength and should be treated as the representative recent sale benchmark for valuation and comps in Oconomowoc (ZIP: 53066).
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Listing pressure vs. completed sales and a median listing price of 675,000 suggest a material pricing gap between seller expectations and closed transactions; this may indicate pricing friction that appraisers and listing agents should explicitly address in offer negotiations.
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Market liquidity appears slower given a median days on market of 222, which, combined with a longer time-to-contract, suggests agents should plan for extended marketing windows and verify financing readiness rather than rely on rapid turnarounds.
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Macro and near-market signals are supportive: price year-over-year trend is up, market temperature is hot, rent year-over-year trend is up, and interest rate pressure is moderate, indicating continued seller-favorable conditions but with some caution around financing costs for buyers.
Notable Properties
The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Oconomowoc, WI 53066 Real Estate Market Report
ZIP Code: 53066
Report Date: April 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
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424,900 median sold price anchors current market value in Oconomowoc and signals that recent transactions are supporting higher price points; given the up price year-over-year trend and a hot market temperature, sellers appear to retain pricing power, and buyers should budget around this representative recent sale when making offers.
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The market shows slower visible liquidity as reflected by 298 median days on market, which may indicate longer listing-to-sale timelines despite the hot market temperature; this suggests pricing friction or selective buyer activity and recommends sellers consider staging, targeted marketing, or modest price positioning to accelerate sales.
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Rental fundamentals remain supportive with 1,355 median market rent and a up rent year-over-year trend, indicating steady landlord income potential; investors should weigh this rent stability alongside the moderate interest rate pressure when evaluating financing scenarios.
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Inventory in the analyzed sample appears relatively constrained, which, combined with up price momentum and a hot market temperature, suggests continued competition for well-priced SFR and condominium listings; practitioners should plan for quick decision timelines and consider pre-inspections or flexible contingencies to improve offer success rates.
Notable Properties
The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.9% tax
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 4/17/2026
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