Is 54005, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54005 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54005 has remained a Seller's Market.

Key Takeaway

54005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54005, WI

How much do homes in 54005, WI cost?

Median Sold Price

$360,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+4.8%)

Key Takeaway

Homes in 54005 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 54005 was $360,000 in October 2024, up 4.8% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $347K$322.5K
-7.1%
3 $390K$310.5K
-20.4%
4 $220K$495K
+125.0%
5+ -$613K
N/A

Summary: 54005 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 7.1%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 125%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54004
+24.7%
54005
+4.8%

Housing Supply in 54005, WI

How many homes are available in 54005, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2734+25.9%

Summary: The 54005 real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 1517
+13.3%
4 33
0.0%
5+ 34
+33.3%

Summary: The 54005 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 increased by 66.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
213+550.0%

Asking Price vs. Sold Price

7 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 54005, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 54005 in October 2024, up by 550.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for 54005, WI

How long does it take to sell a home in 54005, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days103 Days+169.4%

Summary: Homes in 54005 had an average of 103 days on market in Oct 2024, up by 169.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 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 54005 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 54005; 8% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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 23 Days Ago

Newest Listings in 54005, WI

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