Is 53228, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53228 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53228 has remained a Seller's Market.

Key Takeaway

53228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53228, WI

How much do homes in 53228, WI cost?

Median Sold Price

$320,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,000(+11.1%)

Key Takeaway

Homes in 53228 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 53228 was $320,000 in November 2024, up 11.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$125K
+8.7%
2 $242.2K$202K
-16.6%
3 $319.5K$350K
+9.5%
4 $373.7K$437.5K
+17.1%
5+ $455.5K$570K
+25.1%

Summary: 53228 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 25.1%.

Median Sold Price Compared To Nearby Zip Codes

53227
+12.9%
53228
+11.1%
53130
+8.4%
53220
+6.4%
53129
+1.2%

Housing Supply in 53228, WI

How many homes are available in 53228, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2933+13.8%

Summary: The 53228 real estate market had 33 homes for sale in November 2024, a 13.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 67
+16.7%
3 1316
+23.1%
4 76
-14.3%
5+ 01
+100.0%

Summary: The 53228 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 increased by 16.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53228, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 53228 in November 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 53228, 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 53228, WI

Nearby Markets to 53228, WI