Is Oconomowoc, WI 53066 a buyer’s or seller’s market?

The Oconomowoc housing market right now

In the three months ending August 31, 2026, 49% of homes in Oconomowoc, WI 53066 sold above their list price, the typical home went under contract in 45 days and there were 2.2 months of supply. Under three months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 207 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (48 days then) and the median sale price rose 7% to $624,730. Overall, Oconomowoc is more competitive than a year ago, so tougher for buyers.

Within Waukesha County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Oconomowoc ranks #84 of 319 WI ZIP codes with enough sales (score 76 out of 100).

Nearby, buyers who want less competition could look at Okauchee 53069 (0% sold over asking) or Wales 53183 (14% sold over asking), while Waukesha 53186 (71% sold over asking) and Butler 53007 (70% sold over asking) are even more competitive.