Is 53151, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53151 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53151 has remained a Seller's Market.

Key Takeaway

53151 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53151, WI

How much do homes in 53151, WI cost?

Median Sold Price

$406,916

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,916(+4.3%)

Key Takeaway

Homes in 53151 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 53151 was $406,916 in November 2024, up 4.3% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $154.6K$170K
+9.9%
2 $279K$300K
+7.5%
3 $391.1K$420.5K
+7.5%
4 $466K$453.7K
-2.6%
5+ $580.2K$559K
-3.7%

Summary: 53151 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

53227
+12.9%
53228
+11.1%
53130
+8.4%
53146
+5.0%
53151
+4.3%

Housing Supply in 53151, WI

How many homes are available in 53151, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7656-26.3%

Summary: The 53151 real estate market had 56 homes for sale in November 2024, a 26.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1312
-7.7%
3 4231
-26.2%
4 1711
-35.3%
5+ 31
-66.7%

Summary: The 53151 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 7.7%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53151, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 53151 in November 2024, down by 3.0% month-over-month. Of the 32 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% were sold over asking.

Days on Market for 53151, 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 21 Days Ago

Newest Listings in 53151, WI

Nearby Markets to 53151, WI