Is 53089, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53089 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53089 has remained a Seller's Market.

Key Takeaway

53089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53089, WI

How much do homes in 53089, WI cost?

Median Sold Price

$510,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,750(+0.7%)

Key Takeaway

Homes in 53089 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 53089 was $510,000 in October 2024, up 0.7% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K-
N/A
2 $279.4K$376.5K
+34.7%
3 $430K$442K
+2.8%
4 $599.9K$589.9K
-1.7%
5+ $680K$695.5K
+2.3%

Summary: 53089 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 34.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

53029
+20.5%
53072
+16.0%
53017
+1.1%
53089
+0.7%

Housing Supply in 53089, WI

How many homes are available in 53089, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8092+15.0%

Summary: The 53089 real estate market had 92 homes for sale in October 2024, a 15.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 410
+150.0%
3 3332
-3.0%
4 3741
+10.8%
5+ 69
+50.0%

Summary: The 53089 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 150%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1832+77.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53089, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 53089 in October 2024, up by 77.8% month-over-month. Of the 32 sold homes, 25% were sold under asking, 22% were sold at asking, and 53% were sold over asking.

Days on Market for 53089, 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 53089, WI

Nearby Markets to 53089, WI