Why Live in Oconomowoc
Oconomowoc, Wisconsin, is a small town in Lake Country with historical roots tracing back to the Potawatomi people and later French Canadian fur traders. Named after the Potawatomi word for waterfall, the town features a waterfall over Fowler Lake Dam into Lac La Belle. With a population of about 9,000, Oconomowoc has seen growth in seasonal residents due to the popularity of short-term rentals. Housing options include suburban homes from the early 2000s, ranch-style, and contemporary-style houses, along with historic lodge-style homes by the lakes. Recreational activities are centered around lake access, with Fowler Lake Park offering grills, sports courts, and a fishing pier. The Oconomowoc Yacht Club provides motorboat docks and event spaces. Summer events include free Friday night concerts at the Rhodee Memorial Bandshell and fireworks shows on Memorial Day and the Fourth of July. Winters allow for ice skating and ice fishing. The downtown area on East Wisconsin Avenue features boutique shops, cafés, wine bars, and international dining, with lakeside restaurants like Twisted Fire. The Oconomowoc Area School District is highly rated, boasting a 97% graduation rate. Commuters can reach Milwaukee, 34 miles away, or Madison, 50 miles away, via Interstate 94. Crime rates are below state and national averages.
Home Trends in Oconomowoc, WI
On average, homes in Oconomowoc, WI sell after 69 days on the market compared to the national average of 70 days. The median sale price for homes in Oconomowoc, WI over the last 12 months is $598,620, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$598,620
Median Single Family Sale Price
$610,000
Median 2 Bedroom Sale Price
$565,000
Median 1 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$304
Number of Homes for Sale
22
Last 12 months Home Sales
207
Median List Price
$599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%