Is Walworth County, 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, Walworth County has remained a Seller's Market.
Housing Prices in Walworth County, WI
How much do homes in Walworth County, WI cost?
Median Sold Price
$362,727
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Walworth County was $362,727 in May 2024, up 8.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113K | $155K | +37.2% |
2 Bedrooms | $245K | $265.6K | +8.4% |
3 Bedrooms | $330.2K | $359.9K | +9.0% |
4 Bedrooms | $456.3K | $490.7K | +7.5% |
5+ Bedrooms | $755K | $849K | +12.5% |
Summary: Walworth County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Counties
Racine County | $242.9K | $266.4K | +9.7% |
Walworth County | $333.3K | $362.7K | +8.8% |
McHenry County | $299.1K | $325.3K | +8.8% |
Waukesha County | $405K | $435.1K | +7.4% |
Kenosha County | $262.6K | $279.7K | +6.5% |
Housing Supply in Walworth County, WI
How many homes are available in Walworth County, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
547 | 606 | +10.8% |
Summary: The Walworth County real estate market had 606 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 28 | +21.7% |
2 Bedrooms | 109 | 116 | +6.4% |
3 Bedrooms | 225 | 250 | +11.1% |
4 Bedrooms | 136 | 146 | +7.4% |
5+ Bedrooms | 54 | 66 | +22.2% |
Summary: The Walworth County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 129 | -4.4% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Walworth County in May 2024, down by 4.4% month-over-month. Of the 129 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Walworth County, WI
How long does it take to sell a home in Walworth County, WI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 46 Days | +418.5% |
Summary: Homes in Walworth County had an average of 46 days on market in May 2024, up by 418.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 129 homes were sold in Walworth County; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.