Is 53188, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53188 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53188 has remained a Seller's Market.

Key Takeaway

53188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53188, WI

How much do homes in 53188, WI cost?

Median Sold Price

$374,241

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,241(+2.5%)

Key Takeaway

Homes in 53188 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 53188 was $374,241 in October 2024, up 2.5% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $172.5K$136.7K
-20.7%
2 $267K$270K
+1.1%
3 $349.5K$355K
+1.6%
4 $430K$443.2K
+3.1%
5+ $570.9K$568K
-0.5%

Summary: 53188 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

53072
+16.0%
53183
+11.1%
53186
+4.0%
53189
+3.1%
53188
+2.5%

Housing Supply in 53188, WI

How many homes are available in 53188, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110113+2.7%

Summary: The 53188 real estate market had 113 homes for sale in October 2024, a 2.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1818
0.0%
3 5759
+3.5%
4 2930
+3.4%
5+ 55
0.0%

Summary: The 53188 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 remained the same, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3334+3.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53188, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 53188 in October 2024, up by 3.0% month-over-month. Of the 34 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.

Days on Market for 53188, 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 53188, WI

Nearby Markets to 53188, WI