Is Walworth County, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walworth County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$29,423(+8.8%)

Key Takeaway

Homes in Walworth County have sold for 8.8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $113K$155K
+37.2%
2 $245K$265.6K
+8.4%
3 $330.2K$359.9K
+9.0%
4 $456.3K$490.7K
+7.5%
5+ $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
+9.7%
Walworth County
+8.8%
McHenry County
+8.8%
Waukesha County
+7.4%
Kenosha County
+6.5%

Housing Supply in Walworth County, WI

How many homes are available in Walworth County, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
547606+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

# BEDSApr 2024May 2024CHANGE
1 2328
+21.7%
2 109116
+6.4%
3 225250
+11.1%
4 136146
+7.4%
5+ 5466
+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 2024May 2024CHANGE
135129-4.4%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walworth County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

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 2023May 2024CHANGE
9 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Walworth County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

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