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 November 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

$380,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,000(+3.3%)

Key Takeaway

Homes in 53188 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 53188 was $380,000 in November 2024, up 3.3% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $171.7K$146K
-15.0%
2 $265K$270.5K
+2.1%
3 $350K$357.5K
+2.1%
4 $430K$451.5K
+5.0%
5+ $570.9K$615K
+7.7%

Summary: 53188 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

53072
+12.8%
53189
+6.7%
53183
+5.3%
53188
+3.3%
53186
+2.4%

Housing Supply in 53188, WI

How many homes are available in 53188, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11196-13.5%

Summary: The 53188 real estate market had 96 homes for sale in November 2024, a 13.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1816
-11.1%
3 5649
-12.5%
4 3025
-16.7%
5+ 63
-50.0%

Summary: The 53188 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3732-13.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

17 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. 53.1% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 53188 in November 2024, down by 13.5% month-over-month. Of the 32 sold homes, 25% were sold under asking, 22% were sold at asking, and 53% 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 21 Days Ago

Newest Listings in 53188, WI

Nearby Markets to 53188, WI