Is 53005, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53005 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53005 has remained a Seller's Market.

Key Takeaway

53005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53005, WI

How much do homes in 53005, WI cost?

Median Sold Price

$480,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+12.9%)

Key Takeaway

Homes in 53005 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 53005 was $480,000 in October 2024, up 12.9% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $361K$369K
+2.2%
3 $385K$435K
+13.0%
4 $511K$550K
+7.6%
5+ $837.5K$737K
-12.0%

Summary: 53005 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 12%.

Median Sold Price Compared To Nearby Zip Codes

53005
+12.9%
53222
+10.2%
53045
+9.4%
53226
+5.7%
53122
+2.7%

Housing Supply in 53005, WI

How many homes are available in 53005, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6162+1.6%

Summary: The 53005 real estate market had 62 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 3330
-9.1%
4 2118
-14.3%
5+ 25
+150.0%

Summary: The 53005 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2127+28.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53005, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 53005 in October 2024, up by 28.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% were sold over asking.

Days on Market for 53005, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in 53005, WI

Nearby Markets to 53005, WI