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 October 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

$310,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+9.5%)

Key Takeaway

Homes in 53228 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 53228 was $310,000 in October 2024, up 9.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K$125K
+8.7%
2 $241K$203.5K
-15.6%
3 $314.7K$346K
+9.9%
4 $370.5K$420.4K
+13.5%
5+ $417.7K$570K
+36.4%

Summary: 53228 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Zip Codes

53227
+12.4%
53130
+10.3%
53228
+9.5%
53220
+5.7%
53129
+5.6%

Housing Supply in 53228, WI

How many homes are available in 53228, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3230-6.3%

Summary: The 53228 real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 14
+300.0%
2 66
0.0%
3 1613
-18.8%
4 97
-22.2%
5+ 00
0.0%

Summary: The 53228 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 53228 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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 13 Days Ago

Newest Listings in 53228, WI

Nearby Markets to 53228, WI