Is 53227, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53227 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53227 has remained a Seller's Market.

Key Takeaway

53227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53227, WI

How much do homes in 53227, WI cost?

Median Sold Price

$285,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,550(+12.9%)

Key Takeaway

Homes in 53227 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 53227 was $285,000 in November 2024, up 12.9% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$74.5K
N/A
2 $197K$225K
+14.2%
3 $260K$288.7K
+11.1%
4 $282K$329K
+16.7%
5+ $330K$427K
+29.4%

Summary: 53227 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 29.4%.

Median Sold Price Compared To Nearby Zip Codes

53227
+12.9%
53228
+11.1%
53214
+9.1%
53219
+7.5%

Housing Supply in 53227, WI

How many homes are available in 53227, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5556+1.8%

Summary: The 53227 real estate market had 56 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3233
+3.1%
4 1213
+8.3%
5+ 10
-100.0%

Summary: The 53227 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53227, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 53227 in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.

Days on Market for 53227, 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 53227, WI

Nearby Markets to 53227, WI