Is 53508, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53508 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 53508 was a Seller's Market.

Key Takeaway

53508 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 53508, WI

How much do homes in 53508, WI cost?

Median Sold Price

$399,900

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,051(+7.5%)

Key Takeaway

Homes in 53508 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 53508 was $399,900 in November 2024, up 7.5% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $291.6K$265K
-9.1%
3 $370.6K$386.8K
+4.3%
4 $427.5K$467.1K
+9.3%
5+ -$580.5K
N/A

Summary: 53508 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 decreased by 9.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

53593
+13.4%
53508
+7.5%
53570
+7.0%

Housing Supply in 53508, WI

How many homes are available in 53508, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3534-2.9%

Summary: The 53508 real estate market had 34 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 2321
-8.7%
4 65
-16.7%
5+ 11
0.0%

Summary: The 53508 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 40%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53508, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 53508 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for 53508, 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 53508, WI

Nearby Markets to 53508, WI