Is 53022, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53022 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53022 has remained a Seller's Market.

Key Takeaway

53022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53022, WI

How much do homes in 53022, WI cost?

Median Sold Price

$401,666

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,333(-2.0%)

Key Takeaway

Homes in 53022 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 53022 was $401,666 in October 2024, down 2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155.9K$150K
-3.8%
2 $190K$220.5K
+16.1%
3 $415.5K$410K
-1.3%
4 $521K$535K
+2.7%
5+ $462.6K$660K
+42.7%

Summary: 53022 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 42.7%.

Median Sold Price Compared To Nearby Zip Codes

53037
+11.0%
53051
+10.6%
53076
+2.6%
53017
+1.1%
53022
-2.0%

Housing Supply in 53022, WI

How many homes are available in 53022, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8483-1.2%

Summary: The 53022 real estate market had 83 homes for sale in October 2024, a 1.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2218
-18.2%
3 3940
+2.6%
4 1820
+11.1%
5+ 55
0.0%

Summary: The 53022 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 decreased by 18.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2621-19.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53022, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 53022 in October 2024, down by 19.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.

Days on Market for 53022, 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 20 Days Ago

Newest Listings in 53022, WI

Nearby Markets to 53022, WI