Is Marshfield, 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, Marshfield has remained a Seller's Market.
Key Takeaway
Marshfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshfield, WI
How much do homes in Marshfield, WI cost?
Median Sold Price
$232,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marshfield have sold for 19% more than they did a year ago.
Summary: The median home sold price in Marshfield was $232,000 in May 2024, up 19% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $139K | $153K | +10.1% |
| 3 Bedrooms | $189.5K | $223.7K | +18.0% |
| 4 Bedrooms | $240K | $300.5K | +25.2% |
| 5+ Bedrooms | $288K | $370K | +28.5% |
Summary: Marshfield 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 10.1%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Marshfield | $195K | $232K | +19.0% |
| Cameron | $290K | $250K | -13.8% |
Housing Supply in Marshfield, WI
How many homes are available in Marshfield, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 103 | -1.0% |
Summary: The Marshfield real estate market had 103 homes for sale in May 2024, a 1.0% decrease 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 53 | 51 | -3.8% |
| 4 Bedrooms | 32 | 25 | -21.9% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Marshfield 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 50%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshfield, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Marshfield in May 2024, up by 7.4% month-over-month. Of the 29 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Marshfield, WI
We’re sorry, we don't have information for this market at the moment
