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 October 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

$520,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,000(+9.9%)

Key Takeaway

Homes in 53705 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 53705 was $520,000 in October 2024, up 9.9% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $397.5K$182K
-54.2%
2 $369.9K$354.5K
-4.2%
3 $476.5K$535K
+12.3%
4 $825K$715K
-13.3%
5+ $749K$699.9K
-6.6%

Summary: 53705 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

53703
+11.5%
53705
+9.9%

Housing Supply in 53705, WI

How many homes are available in 53705, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6063+5.0%

Summary: The 53705 real estate market had 63 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 1617
+6.3%
3 1823
+27.8%
4 1512
-20.0%
5+ 56
+20.0%

Summary: The 53705 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16160.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53705, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 53705 in October 2024, the same as the previous month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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 16 Days Ago

Newest Listings in 53705, WI

Nearby Markets to 53705, WI