Is Birchwood, 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, Birchwood has remained a Buyer's Market.
Key Takeaway
Birchwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Birchwood, WI
How much do homes in Birchwood, WI cost?
Median Sold Price
$415,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Birchwood have sold for 23.2% more than they did a year ago.
Summary: The median home sold price in Birchwood was $415,000 in May 2024, up 23.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $229.9K | $262K | +14.0% |
| 3 Bedrooms | $465K | $565K | +21.5% |
| 4 Bedrooms | $748K | $404.5K | -45.9% |
| 5+ Bedrooms | $1.3M | $565K | -56.5% |
Summary: Birchwood 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 14%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 45.9%, and 5+ bedroom homes decreased by 56.5%.
Housing Supply in Birchwood, WI
How many homes are available in Birchwood, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 78 | +34.5% |
Summary: The Birchwood real estate market had 78 homes for sale in May 2024, a 34.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Birchwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Birchwood, expect to pay close to the asking price. 72.7% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Birchwood in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 73% were sold at asking, and 9% were sold over asking.
Days on Market for Birchwood, WI
How long does it take to sell a home in Birchwood, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Birchwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Birchwood; 9% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
