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 October 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

$429,950

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,450(+9.3%)

Key Takeaway

Homes in 53185 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 53185 was $429,950 in October 2024, up 9.3% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$297.7K
N/A
2 $325K$339.7K
+4.5%
3 $408.4K$415K
+1.6%
4 $489.5K$548K
+12.0%
5+ $788.7K$699.9K
-11.3%

Summary: 53185 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 4.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

53103
+16.8%
53185
+9.3%
53139
+9.2%
53150
+2.2%

Housing Supply in 53185, WI

How many homes are available in 53185, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6777+14.9%

Summary: The 53185 real estate market had 77 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 3844
+15.8%
4 1113
+18.2%
5+ 63
-50.0%

Summary: The 53185 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 41.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 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. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 53185 in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% 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