Oconomowoc, WI 53066 Real Estate Market Report

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

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. $533,000 median sold price is the primary indicator of recent market value and transaction activity in 53066; this represents the most reliable signal of what buyers are actually paying, and should guide appraisal and pricing discussions rather than relying solely on asking prices. hot market
2. $720,000 median listing price sits substantially above the median sold price, which suggests a meaningful pricing gap where seller expectations may be higher than recent transaction levels and may lead to pricing friction until listings align with realized sale values.
3. 200 median days on market indicates slower sales velocity relative to typical hot-market expectations and appears to contrast with the overall market temperature; this combination may indicate that while demand is strong, available offers are taking longer to convert into closed transactions and sellers should plan for extended marketing timelines.
4. $303 per sqft median price per square foot and $1,464 median market rent provide context for unit-level valuation and rent support; given moderate interest rate pressure—current 30-year fixed rates averaging approximately 6.5% versus a 6.09% low earlier in 2026—financing costs may be a moderating factor on buyer purchasing power and should be factored into pricing strategy and buyer qualification assessments.

Notable Properties

The following 8 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.