Is 53705, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53705 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 53705 has remained a Seller's Market.

Key Takeaway

53705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53705, WI

How much do homes in 53705, WI cost?

Median Sold Price

$524,500

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+9.8%)

Key Takeaway

Homes in 53705 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 53705 was $524,500 in November 2024, up 9.8% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $397.5K$182K
-54.2%
2 $350K$370K
+5.7%
3 $480K$542.5K
+13.0%
4 $758.5K$719K
-5.2%
5+ $749.5K$694.9K
-7.3%

Summary: 53705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

53705
+9.8%
53726
+8.4%
53703
+5.6%

Housing Supply in 53705, WI

How many homes are available in 53705, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6254-12.9%

Summary: The 53705 real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 1614
-12.5%
3 2323
0.0%
4 128
-33.3%
5+ 64
-33.3%

Summary: The 53705 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53705, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 53705 in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.

Days on Market for 53705, 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 17 Days Ago

Newest Listings in 53705, WI

Nearby Markets to 53705, WI