Is 53221, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53221 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 53221 has remained a Seller's Market.

Key Takeaway

53221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53221, WI

How much do homes in 53221, WI cost?

Median Sold Price

$264,212

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,282(+6.1%)

Key Takeaway

Homes in 53221 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 53221 was $264,212 in October 2024, up 6.1% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $127K$135K
+6.3%
2 $195K$212K
+8.7%
3 $260K$269K
+3.5%
4 $335.7K$300K
-10.6%
5+ $360K$417.5K
+16.0%

Summary: 53221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Zip Codes

53215
+14.8%
53207
+6.4%
53221
+6.1%
53220
+5.7%
53129
+5.6%

Housing Supply in 53221, WI

How many homes are available in 53221, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98105+7.1%

Summary: The 53221 real estate market had 105 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2732
+18.5%
3 5354
+1.9%
4 1415
+7.1%
5+ 33
0.0%

Summary: The 53221 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 18.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3530-14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53221, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 53221 in October 2024, down by 14.3% month-over-month. Of the 30 sold homes, 37% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for 53221, 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 13 Days Ago

Newest Listings in 53221, WI

Nearby Markets to 53221, WI