Is 53115, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53115 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53115 has remained a Seller's Market.

Key Takeaway

53115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53115, WI

How much do homes in 53115, WI cost?

Median Sold Price

$286,450

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,550(-2.9%)

Key Takeaway

Homes in 53115 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 53115 was $286,450 in October 2024, down 2.9% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199.5K$120K
-39.8%
2 $228K$250K
+9.6%
3 $309.7K$315K
+1.7%
4 $344.5K$370K
+7.4%
5+ $643K$690K
+7.3%

Summary: 53115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

53191
+20.2%
53121
+7.6%
53115
-2.9%

Housing Supply in 53115, WI

How many homes are available in 53115, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8990+1.1%

Summary: The 53115 real estate market had 90 homes for sale in October 2024, a 1.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1010
0.0%
2 1923
+21.1%
3 3732
-13.5%
4 1819
+5.6%
5+ 56
+20.0%

Summary: The 53115 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 21.1%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53115, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 53115 in October 2024, up by 20.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 11% were sold at asking, and 28% were sold over asking.

Days on Market for 53115, 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 4 Days Ago

Newest Listings in 53115, WI

Nearby Markets to 53115, WI