Is 53040, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53040 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 53040 was a Buyer's Market.

Key Takeaway

53040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53040, WI

How much do homes in 53040, WI cost?

Median Sold Price

$360,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.5%)

Key Takeaway

Homes in 53040 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 53040 was $360,000 in November 2024, up 7.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$350K
N/A
2 $280K$312K
+11.4%
3 $334.9K$358.5K
+7.0%
4 $402.5K$405.5K
+0.7%
5+ -$425K
N/A

Summary: 53040 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 increased by 11.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

53010
+9.1%
53040
+7.5%
53090
+6.7%
53075
-11.0%

Housing Supply in 53040, WI

How many homes are available in 53040, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2924-17.2%

Summary: The 53040 real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1412
-14.3%
4 63
-50.0%
5+ 23
+50.0%

Summary: The 53040 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 decreased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53040, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 53040 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 53040, 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 22 Days Ago

Newest Listings in 53040, WI

Nearby Markets to 53040, WI