City in Waukesha County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $568,442 |
|---|---|
| 1-year change | +6.7% |
| 5-year change | +25.8% |
| Typical rent | not published |
The typical home in Pewaukee, Wisconsin is worth about $568,442 as of 2026-07-03, up 6.7% over the past year and up 25.8% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
The typical home in the city of Pewaukee was worth $568,442 as of April 30, 2026. That ranks 10th of 27 Waukesha County municipalities — a mid-pack position on paper, but still about $34,000 above the county's own $534,102 median. In Waukesha County, even the middle of the table is expensive.
The recent trend is what stands out. Values rose 6.7% over the past twelve months, compared with 25.8% over five years. Put differently, the last year alone delivered roughly a quarter of the entire five-year gain. Past appreciation does not guarantee future results, but the direction of the recent data is clear.
Pewaukee also sits inside an unusually tight pricing band with its western Waukesha neighbors. Lisbon ($578,057), Wales ($562,695), Oconomowoc ($549,786), and Vernon ($546,880) all land within about $31,000 of one another, with Pewaukee near the top of that cluster.
Against the broader region, Pewaukee's premium widens. The typical value of $568,442 runs about $112,600 — nearly 25% — above the seven-county southeast Wisconsin median of $455,834. Against Waukesha County's $534,102 median the gap is smaller, about 6%, which says more about how expensive the county is than about Pewaukee being cheap.
Growth has been steady rather than spiky. The five-year gain of 25.8% works out to an average annual pace of roughly 4.7% compounded, while the most recent year came in at 6.7% — above that longer-run pace. A buyer who waited out the last twelve months at the typical price point saw the cost of entry rise by roughly $35,700.
Cross-shopping is realistic in this corridor. The gap between Pewaukee and each of its four nearest value peers is under $22,000 in either direction — small enough that inventory and property condition, not the municipal line, will usually decide the deal.
| Homes sold (arms-length, single-family) | 265 |
|---|---|
| Median sale price | $499,900 |
| Middle 50% of sales | $345,000 to $685,000 |
| Government-backed financing (FHA/VA/USDA) | 0.8% |
| Seller-financed | 0% |
Over the 12 months ending June 2026, 265 single-family homes sold in Pewaukee, Wisconsin in arms-length transactions, at a median price of $499,900. Half of those sales fell between $345,000 and $685,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Pewaukee is $568,442, while homes that actually changed hands had a median price of $499,900 — a difference of -12.1%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
Buyers should budget around the $568,442 typical value and treat the western Waukesha cluster as one search area rather than four separate ones — Lisbon, Wales, Oconomowoc, and Vernon all price within roughly 4% of Pewaukee. The 6.7% one-year gain means hesitation had a measurable cost over the past year, though no data set can promise the next twelve months will repeat it. What the numbers do support: above-county-median pricing is the baseline here, not the exception.
Sellers have a factual, current story to price against: a typical value about $34,000 above the county median and a one-year gain of 6.7%. The tight peer band cuts both ways, though. Buyers comparing Pewaukee to Lisbon or Wales are looking at differences of under $10,000 at the typical-value level, so overpricing pushes them next door quickly. Pricing on the April 2026 data — not on last cycle's headlines — is the defensible move.
The city of Pewaukee surrounds much of Pewaukee Lake, the largest lake in Waukesha County, with shoreline along its south and west sides and the Lake Country Recreation Trail passing through on its route between Waukesha and Oconomowoc. Offices and retail cluster along the I-94 and Capitol Drive corridors, The Ingleside Hotel and its Springs Water Park sit near the Highway T interchange, and the lakefront shops of the neighboring village of Pewaukee are minutes away at the lake's east end.
Dates and details change year to year — check each event’s organizers for current schedules.
$568,442 for the city of Pewaukee as of April 30, 2026. That ranks 10th of 27 municipalities in Waukesha County and sits about $34,000 above the county median of $534,102.
They have been. Values rose 6.7% over the past year and 25.8% over the past five years as of April 2026. Past appreciation does not guarantee future results.
By a wide margin. Pewaukee's $568,442 typical value is roughly $112,600 above the seven-county southeast Wisconsin median of $455,834 — a premium of nearly 25%.
They are close. Pewaukee's typical value of $568,442 compares with $549,786 in Oconomowoc and $562,695 in Wales — differences of under $19,000, or about 3% at most.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
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Get a free Pewaukee home valuation · Contact Kinan Sawar
Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.