Is Fontana, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fontana is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fontana has remained a Seller's Market.

Key Takeaway

Fontana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fontana, WI

How much do homes in Fontana, WI cost?

Median Sold Price

$615,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+5.1%)

Key Takeaway

Homes in Fontana have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Fontana was $615,000 in May 2024, up 5.1% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $107.2K$99.5K
-7.2%
2 $525K$533K
+1.5%
3 $685K$665K
-2.9%
4 $786.5K$820K
+4.3%
5+ $1.3M$1.8M
+33.3%

Summary: Fontana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Cities

Fontana
+5.1%
Fontana-on-Geneva Lake
+3.9%
Walworth
-1.4%
Williams Bay
-7.7%
Linn
-8.2%

Housing Supply in Fontana, WI

How many homes are available in Fontana, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5360+13.2%

Summary: The Fontana real estate market had 60 homes for sale in May 2024, a 13.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 1311
-15.4%
3 1321
+61.5%
4 1819
+5.6%
5+ 67
+16.7%

Summary: The Fontana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fontana, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Fontana in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Fontana, WI

How long does it take to sell a home in Fontana, WI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Fontana are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 14 homes were sold in Fontana; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Fontana, WI

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