Oconomowoc, WI, Real Estate

Oconomowoc, Wisconsin, is a picturesque city in Waukesha County, about 35 miles west of Milwaukee, known for its serene lakes and small-town charm. Nestled between Lac La Belle and Fowler Lake, it offers abundant recreational opportunities like boating, fishing, and hiking, attracting both residents and visitors. With a population of around 18,000, Oconomowoc blends historic character—seen in its well-preserved downtown with boutique shops and restaurants—with modern amenities, including top-rated schools and a vibrant community arts scene. The city hosts events like the Oconomowoc Festival of the Arts and a popular farmers' market, fostering a strong sense of community. Its proximity to Milwaukee and easy access via I-94 make it an ideal spot for those seeking a peaceful yet connected lifestyle.

Oconomowoc currently has 77 single family homes for sale with an average list price of $859,592.33, 3 townhouses for sale with an average list price of $779,963.33, 41 condos for sale with an average list price of $723,477.07, and 23 lots for sale with an average list price of $409,204.35. The average annual property tax for Oconomowoc is $4,833.26.

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Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Oconomowoc, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions/Buildings

Subdivisions/Buildings Median Price
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Apple Grove Estates

Apple Grove Estates is a single-family home community in Oconomowoc, Wisconsin, built between 2001 and 2004. It currently has no homes for sale. The homes range in size from 2,003 ft2 to 4,030 ft2. The HOA fees range from $100 to $135 per month. The average annual property tax for Apple Grove Estates is $4,801.68. It is located in Waukesha County. Apple Grove Estates is located south of Allen Road and west of Concord Road. ... Read more
Median Price: $524,900
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Arrowood

Arrowood is a single-family home community in Oconomowoc, Wisconsin, built between 2022 and 2024. It currently has 5 single family homes for sale with an average list price of $583,900. The homes range in size from 1,482 ft2 to 2,944 ft2. The HOA fees range from $272 to $272 per month. It is located in Waukesha County. ... Read more
Median Price: $534,451.50
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Ashippun Shores

Ashippun Shores is a subdivision in Oconomowoc, Wisconsin. It currently has no homes for sale. It is located in Waukesha County.
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Autumn Woods

Autumn Woods is an active adult 55+ condo community in Oconomowoc, Wisconsin, built between 2001 and 2007. It currently has 1 condo for sale with a list price of $329,900. The homes range in size from 1,212 ft2 to 1,825 ft2. The HOA fees range from $260 to $295 per month. The average annual property tax for Autumn Woods is $2,390.84. It is located in Waukesha County. Autumn Woods is located north of Highway 16 on Autumn Woods Drive. Autumn Woods is a community for adults 55+. ... Read more
Median Price: $312,000
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Bay Pointe

Bay Pointe is a condo and single-family home community in Oconomowoc, Wisconsin, built between 2005 and 2022. It currently has 2 condos for sale with an average list price of $617,400. The homes range in size from 1,506 ft2 to 2,588 ft2. The HOA fees range from $300 to $350 per month. The average annual property tax for Bay Pointe is $2,493.19. It is located in Waukesha County. ... Read more
Median Price: $529,000
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Subdivisions/Buildings

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Market Trends

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Nearby Golf Courses

Deer Trak Golf Club

West 976 County Rd O, Oconomowoc, WI 53066
Par 72 • 72 holes • 6313 yards

Oconomowoc Golf Club

W360 N5261 Brown, Oconomowoc, WI 53066
Par 70 • 70 holes • 6501 yards

Olde Highlander Golf Club

965 Cannon Gate Rd, Oconomowoc, WI 53066
Par 73 • 73 holes • 6474 yards

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Real Estate News

New Homes For Sale This Week in Oconomowoc: August 22nd to August 28th

New Homes For Sale This Week in Oconomowoc: August 22nd to August 28th - August 29, 2025

Oconomowoc had 8 new homes for sale during the week of Friday, August 22 to Thursday, August 28, including including 5 single family homes for sale with an average list ... continue reading
New Construction Homes For Sale This Week in Oconomowoc: August 20th to August 26th

New Construction Homes For Sale This Week in Oconomowoc: August 20th to August 26th - August 27, 2025

Oconomowoc had 2 new construction homes during the week of Wednesday, August 20 to Tuesday, August 26, including 2 single family homes for sale with an average list price of ... continue reading
Homes Just Sold in Oconomowoc: August 19th to August 25th

Homes Just Sold in Oconomowoc: August 19th to August 25th - August 26, 2025

Oconomowoc had 4 sales during the week of Tuesday, August 19 to Monday, August 25, including including 2 single family homes for sale with an average list price of $587,450. $649,900 1078 ... continue reading
New Homes For Sale This Week in Oconomowoc: August 15th to August 21st

New Homes For Sale This Week in Oconomowoc: August 15th to August 21st - August 22, 2025

Oconomowoc had 11 new homes for sale during the week of Friday, August 15 to Thursday, August 21, including including 7 single family homes for sale with an average list ... continue reading
Homes Just Sold in Oconomowoc: August 12th to August 18th

Homes Just Sold in Oconomowoc: August 12th to August 18th - August 19, 2025

Oconomowoc had 8 sales during the week of Tuesday, August 12 to Monday, August 18, including including 7 single family homes for sale with an average list price of $749,841.43 ... continue reading
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