$1,780 Closing Credit*
$149,900
1,082 SqFt
3 Beds
•1 Full Bath
#1899473, Ryan Maurer, Listing Office: Keller Williams Realty-Milwaukee Southwest
Is 53216, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 53216 was a Seller's Market.
Key Takeaway
53216 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 53216, WI
How much do homes in 53216, WI cost?
Median Sold Price
$150,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.7%)
Key Takeaway
Homes in 53216 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 53216 was $150,000 in October 2024, down 0.7% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.9K | - | N/A |
| 2 Bedrooms | $115K | $118K | +2.6% |
| 3 Bedrooms | $157.4K | $150K | -4.7% |
| 4 Bedrooms | $185K | $171.8K | -7.1% |
| 5+ Bedrooms | $178.8K | $202.4K | +13.2% |
Summary: 53216 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 2.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in 53216, WI
How many homes are available in 53216, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 84 | +31.3% |
Summary: The 53216 real estate market had 84 homes for sale in October 2024, a 31.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 36 | 50 | +38.9% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 53216 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 14.3%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 53216, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 53216 in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% were sold over asking.
Days on Market for 53216, WI
We’re sorry, we don't have information for this market at the moment
