Is 53038, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53038 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53038 has remained a Seller's Market.

Key Takeaway

53038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53038, WI

How much do homes in 53038, WI cost?

Median Sold Price

$390,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,600(+2.3%)

Key Takeaway

Homes in 53038 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 53038 was $390,000 in November 2024, up 2.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $325K$102.4K
-68.5%
3 $374.9K$398K
+6.2%
4 $415K$380.9K
-8.2%
5+ $325K$430K
+32.3%

Summary: 53038 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 68.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 32.3%.

Median Sold Price Compared To Nearby Zip Codes

53094
+20.0%
53549
+12.4%
53038
+2.3%
53551
-2.8%

Housing Supply in 53038, WI

How many homes are available in 53038, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2623-11.5%

Summary: The 53038 real estate market had 23 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1917
-10.5%
4 44
0.0%
5+ 10
-100.0%

Summary: The 53038 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53038, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 53038 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 53038, 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 17 Days Ago

Newest Listings in 53038, WI

Nearby Markets to 53038, WI