Is Spooner, 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, Spooner has remained a Seller's Market.
Key Takeaway
Spooner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spooner, WI
How much do homes in Spooner, WI cost?
Median Sold Price
$310,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spooner have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Spooner was $310,000 in May 2024, down 3.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.7K | $225K | -13.0% |
| 2 Bedrooms | $180.7K | $310K | +71.5% |
| 3 Bedrooms | $375K | $257.7K | -31.3% |
| 4 Bedrooms | $475K | $375K | -21.1% |
| 5+ Bedrooms | - | $385K | N/A |
Summary: Spooner housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 71.5%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes did not change.
Housing Supply in Spooner, WI
How many homes are available in Spooner, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Summary: The Spooner real estate market had 52 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Spooner 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 27.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spooner, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Spooner in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Spooner, WI
How long does it take to sell a home in Spooner, WI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 23 Days | -50.0% |
Summary: Homes in Spooner had an average of 23 days on market in May 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spooner are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Spooner; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
