Is 53511, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53511 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 53511 has remained a Seller's Market.

Key Takeaway

53511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53511, WI

How much do homes in 53511, WI cost?

Median Sold Price

$208,000

$141/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$4,777(-2.2%)

Key Takeaway

Homes in 53511 have sold for 2.2% less than they did a month ago.

Summary: The median home sold price in 53511 was $208,000 in October 2024, down 2.2% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $210K$155.4K
-26.0%
3 $210.8K$212K
0.5%
4 $373.9K$230K
-38.5%
5+ $229.9K$395K
+71.8%

Summary: 53511 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 71.8%.

Median Sold Price Compared To Nearby Zip Codes

53576
+11.5%
53511
-2.2%
53548
-6.5%

Housing Supply in 53511, WI

How many homes are available in 53511, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179187+4.5%

Summary: The 53511 real estate market had 187 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 4242
0.0%
3 102103
+1.0%
4 2430
+25.0%
5+ 910
+11.1%

Summary: The 53511 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 remained the same, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45450.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53511, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in 53511 in October 2024, the same as the previous month. Of the 45 sold homes, 38% were sold under asking, 16% were sold at asking, and 47% were sold over asking.

Days on Market for 53511, WI

How long does it take to sell a home in 53511, WI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 53511 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 53511; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 53511, WI

Nearby Markets to 53511, WI