Is Chippewa County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chippewa County was a Seller's Market.
Key Takeaway
Chippewa County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chippewa County, WI
How much do homes in Chippewa County, WI cost?
Median Sold Price
$360,599
$175/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Chippewa County have sold for 8% more than they did a month ago.
Summary: The median home sold price in Chippewa County was $360,599 in May 2024, up 8% from last month, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | $852K | +540.6% |
| 2 Bedrooms | $229.8K | $227.5K | -1.0% |
| 3 Bedrooms | $289K | $320K | +10.7% |
| 4 Bedrooms | $319.9K | $418K | +30.7% |
| 5+ Bedrooms | $572.4K | $487.5K | -14.8% |
Summary: Chippewa County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 540.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Counties
| Clark County | $160.1K | $179.9K | +12.4% |
| Chippewa County | $333.8K | $360.5K | +8.0% |
Housing Supply in Chippewa County, WI
How many homes are available in Chippewa County, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 259 | 294 | +13.5% |
Summary: The Chippewa County real estate market had 294 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 47 | 55 | +17.0% |
| 3 Bedrooms | 102 | 119 | +16.7% |
| 4 Bedrooms | 75 | 88 | +17.3% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The Chippewa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 45 | -16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa County, you could pay more than the asking price. 42.2% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Chippewa County in May 2024, down by 16.7% month-over-month. Of the 45 sold homes, 33% were sold under asking, 24% were sold at asking, and 42% were sold over asking.
Days on Market for Chippewa County, WI
How long does it take to sell a home in Chippewa County, WI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 61 Days | +146.0% |
Summary: Homes in Chippewa County had an average of 61 days on market in May 2024, up by 146% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Chippewa County; 4% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
