$10,000 Closing Credit*
$1,100,000
4,155 SqFt
5 Beds
•4 Full Baths, 1 Partial
#1896260, Adam Poehlman, Listing Office: Realty Executives Integrity Cedarburg
Is 53040, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 53040 has remained a Seller'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
$365,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+9.8%)
Key Takeaway
Homes in 53040 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 53040 was $365,000 in October 2024, up 9.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $280K | $312K | +11.4% |
| 3 Bedrooms | $334.9K | $368.5K | +10.0% |
| 4 Bedrooms | $400K | $418K | +4.5% |
| 5+ Bedrooms | - | $425K | N/A |
Summary: 53040 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 11.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes did not change.
Housing Supply in 53040, WI
How many homes are available in 53040, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The 53040 real estate market had 31 homes for sale in October 2024, a 14.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 53040 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 53040, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 53040 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 53040, WI
We’re sorry, we don't have information for this market at the moment
