Is 53147, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53147 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 53147 was a Seller's Market.

Key Takeaway

53147 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 53147, WI

How much do homes in 53147, WI cost?

Median Sold Price

$425,450

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,450(+6.4%)

Key Takeaway

Homes in 53147 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 53147 was $425,450 in November 2024, up 6.4% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155K$142K
-8.4%
2 $271K$285K
+5.2%
3 $440.7K$438.5K
-0.5%
4 $600K$607.9K
+1.3%
5+ $1.2M$1.0M
-19.9%

Summary: 53147 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 19.9%.

Median Sold Price Compared To Nearby Zip Codes

53191
+22.2%
53128
+7.6%
53147
+6.4%

Housing Supply in 53147, WI

How many homes are available in 53147, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
175157-10.3%

Summary: The 53147 real estate market had 157 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1211
-8.3%
2 3527
-22.9%
3 6653
-19.7%
4 3843
+13.2%
5+ 2423
-4.2%

Summary: The 53147 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 22.9%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4120-51.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53147, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 53147 in November 2024, down by 51.2% month-over-month. Of the 20 sold homes, 65% were sold under asking, 30% were sold at asking, and 5% were sold over asking.

Days on Market for 53147, WI

How long does it take to sell a home in 53147, WI?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days32 Days-30.9%

Summary: Homes in 53147 had an average of 32 days on market in Nov 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 53147 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 53147; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 53147, WI

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