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ELM GROVE, WI 53122

Real Estate Market Report  ·  Waukesha County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELM GROVE, WI real estate market (53122) currently shows 17 active listings, with 6 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 27 days on market compared to 14 days last year.

The median listing price has fallen 32.1% year-over-year, from $795,000 to $539,950.

Whether you are buying or selling in ELM GROVE, WI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,461  ·  Density: 763.4/mi²  ·  Median household income: $127,157

Typical home value: $426,724  ·  Homeownership: 89.2%

Market Overview

Active Listings
17
⇧ 70% vs 10 last year
Pending
6
35% pending ratio
Median Price
$539,950
⇩ 32.1% vs $795,000 last year
Average Price
$783,236
⇧ 20.3% vs $650,843 last year
Days on Market
27
⇧ 92.9% vs 14 days last year

Price Per Square Foot

Median $/sqft
$234
vs $234/sqft last year
Median Home Size
2,166 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 10 last year
  • Days on market: 27 now vs 14 last year

Median & Average Pricing

Year over Year
  • Median: $539,950 (-32.1% YoY)
  • Average: $783,236 (+20.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.0 miles — 508 listings ($130,184,695 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53122Elm Grove, WI 531220.0 mi13$10,457,226$534,950$804,402
53226Milwaukee, WI 532262.3 mi19$8,710,550$432,225$458,450
53222Milwaukee, WI 532223.5 mi55$15,999,720$269,925$290,904
53007Butler, WI 530074.2 mi2$687,300$343,650$343,650
53213Milwaukee, WI 532134.3 mi28$13,385,792$467,400$478,064
53151New Berlin, WI 531515.1 mi29$12,861,819$414,900$443,511
53219Milwaukee, WI 532196.0 mi54$13,943,502$259,825$258,213
53208Milwaukee, WI 532086.1 mi32$7,848,288$249,000$245,259
53216Milwaukee, WI 532166.2 mi66$11,805,090$172,980$178,865
53218Milwaukee, WI 532186.6 mi112$19,130,720$165,000$170,810
53220Milwaukee, WI 532207.5 mi25$6,698,225$263,750$267,929
53205Milwaukee, WI 532057.7 mi10$1,881,380$173,675$188,138
53206Milwaukee, WI 532068.0 mi63$6,775,083$99,095$107,541

Frequently Asked Questions

How many homes are for sale in ELM GROVE, WI 53122?

As of March 2026, there are 17 active listings in ELM GROVE, WI (zip code 53122), compared to 10 the prior year.

What is the median home price in ELM GROVE, WI 53122?

The median listing price in ELM GROVE, WI 53122 is $539,950 as of March 2026, a 32.1% decrease from $795,000 the prior year.

How long do homes stay on the market in ELM GROVE, WI?

Homes in ELM GROVE, WI 53122 spend an average of 27 days on the market before going under contract, compared to 14 days the prior year.

Is it a seller's or buyer's market in ELM GROVE, WI 53122?

Based on current inventory and days-on-market data as of March 2026, ELM GROVE, WI 53122 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 27 days on market compared to 14 days last year.

How much can I save on real estate commission in ELM GROVE, WI?

With SELL123.com's maximum 3% commission, sellers in ELM GROVE, WI 53122 save an estimated $10,799 compared to a typical 5% commission on the median listing price of $539,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.