Is 54002, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54002 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54002 has remained a Seller's Market.

Key Takeaway

54002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54002, WI

How much do homes in 54002, WI cost?

Median Sold Price

$310,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,100(+3.4%)

Key Takeaway

Homes in 54002 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 54002 was $310,000 in October 2024, up 3.4% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $174.9K-
N/A
2 $285K$283K
-0.7%
3 $315K$280K
-11.1%
4 $366.2K$335K
-8.5%
5+ $295K$278K
-5.8%

Summary: 54002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

54767
+24.2%
54013
+3.9%
54002
+3.4%
54015
+2.5%
54028
+1.3%

Housing Supply in 54002, WI

How many homes are available in 54002, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6771+6.0%

Summary: The 54002 real estate market had 71 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2223
+4.5%
3 1715
-11.8%
4 2428
+16.7%
5+ 33
0.0%

Summary: The 54002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54002, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 54002 in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 54002, WI

How long does it take to sell a home in 54002, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days60 Days+23.6%

Summary: Homes in 54002 had an average of 60 days on market in Oct 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 54002 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 54002; 14% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

Newest Listings in 54002, WI

Nearby Markets to 54002, WI