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 October 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

$281,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+12.4%)

Key Takeaway

Homes in 53227 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 53227 was $281,000 in October 2024, up 12.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$74.5K
N/A
2 $186K$215K
+15.6%
3 $255K$288.7K
+13.2%
4 $281K$328.2K
+16.8%
5+ $314.9K$435K
+38.1%

Summary: 53227 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 15.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Zip Codes

53227
+12.4%
53228
+9.5%
53219
+8.2%
53214
+7.0%

Housing Supply in 53227, WI

How many homes are available in 53227, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4956+14.3%

Summary: The 53227 real estate market had 56 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 3032
+6.7%
4 812
+50.0%
5+ 11
0.0%

Summary: The 53227 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 10%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 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. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 53227 in October 2024, up by 26.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 5% were sold at asking, and 58% 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 13 Days Ago

Newest Listings in 53227, WI

Nearby Markets to 53227, WI