Is 53220, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53220 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53220 has remained a Seller's Market.

Key Takeaway

53220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53220, WI

How much do homes in 53220, WI cost?

Median Sold Price

$270,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,200(+6.4%)

Key Takeaway

Homes in 53220 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 53220 was $270,000 in November 2024, up 6.4% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$125K
-7.4%
2 $190.5K$208K
+9.2%
3 $266.5K$285K
+6.9%
4 $290K$342.5K
+18.1%
5+ $270K$374.9K
+38.9%

Summary: 53220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Zip Codes

53228
+11.1%
53219
+7.5%
53220
+6.4%
53221
+3.9%
53129
+1.2%

Housing Supply in 53220, WI

How many homes are available in 53220, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6861-10.3%

Summary: The 53220 real estate market had 61 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1516
+6.7%
3 4433
-25.0%
4 77
0.0%
5+ 02
+100.0%

Summary: The 53220 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24240.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53220, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 53220 in November 2024, the same as the previous month. Of the 24 sold homes, 46% were sold under asking, 13% were sold at asking, and 42% were sold over asking.

Days on Market for 53220, WI

How long does it take to sell a home in 53220, WI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 53220 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 24 homes were sold in 53220; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 53220, WI

Nearby Markets to 53220, WI