Is McFarland, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, McFarland has remained a Seller's Market.
Key Takeaway
McFarland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McFarland, WI
How much do homes in McFarland, WI cost?
Median Sold Price
$430,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in McFarland has remained the same since last year.
Summary: The median home sold price in McFarland was $430,000 in May 2024, the same as last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.8K | $365K | +12.0% |
| 3 Bedrooms | $429.9K | $418.9K | -2.5% |
| 4 Bedrooms | $485K | $485K | 0.0% |
| 5+ Bedrooms | $561.5K | $655K | +16.7% |
Summary: McFarland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Madison | $318.1K | $395.5K | +24.3% |
| McFarland | $429.9K | $430K | 0.0% |
Housing Supply in McFarland, WI
How many homes are available in McFarland, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Summary: The McFarland real estate market had 67 homes for sale in May 2024, a 15.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The McFarland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McFarland, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in McFarland in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for McFarland, WI
We’re sorry, we don't have information for this market at the moment
