Is 53214, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53214 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53214 has remained a Seller's Market.

Key Takeaway

53214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53214, WI

How much do homes in 53214, WI cost?

Median Sold Price

$235,450

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,450(+7.0%)

Key Takeaway

Homes in 53214 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 53214 was $235,450 in October 2024, up 7% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $182.5K$107.5K
-41.1%
2 $170K$198K
+16.5%
3 $230K$246.5K
+7.2%
4 $245K$250K
+2.0%
5+ $220K$277.5K
+26.1%

Summary: 53214 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.1%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 26.1%.

Median Sold Price Compared To Nearby Zip Codes

53219
+8.2%
53214
+7.0%
53226
+5.7%
53213
+0.7%

Housing Supply in 53214, WI

How many homes are available in 53214, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6567+3.1%

Summary: The 53214 real estate market had 67 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1017
+70.0%
3 4034
-15.0%
4 1516
+6.7%
5+ 00
0.0%

Summary: The 53214 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 70%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2618-30.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53214, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 53214 in October 2024, down by 30.8% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.

Days on Market for 53214, 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 53214, WI

Nearby Markets to 53214, WI