Is 53185, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53185 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53185 has remained a Seller's Market.

Key Takeaway

53185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53185, WI

How much do homes in 53185, WI cost?

Median Sold Price

$426,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,000(+7.8%)

Key Takeaway

Homes in 53185 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 53185 was $426,000 in November 2024, up 7.8% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$297.7K
N/A
2 $330K$336K
+1.8%
3 $408.4K$420K
+2.8%
4 $515.9K$529K
+2.5%
5+ $978.8K$624.9K
-36.2%

Summary: 53185 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 36.2%.

Median Sold Price Compared To Nearby Zip Codes

53103
+11.0%
53139
+8.6%
53185
+7.8%
53150
+4.4%

Housing Supply in 53185, WI

How many homes are available in 53185, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7566-12.0%

Summary: The 53185 real estate market had 66 homes for sale in November 2024, a 12.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2019
-5.0%
3 4234
-19.0%
4 1110
-9.1%
5+ 23
+50.0%

Summary: The 53185 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 5%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53185, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 53185 in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.

Days on Market for 53185, 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 53185, WI

Nearby Markets to 53185, WI