$10,000 Closing Credit*
$949,800
3,596 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is 54016, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 54016 was a Seller's Market.
Key Takeaway
54016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 54016, WI
How much do homes in 54016, WI cost?
Median Sold Price
$477,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,166(+7.5%)
Key Takeaway
Homes in 54016 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 54016 was $477,500 in November 2024, up 7.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.9K | $375K | +19.1% |
| 2 Bedrooms | $310K | $354.7K | +14.4% |
| 3 Bedrooms | $422K | $431K | +2.1% |
| 4 Bedrooms | $490K | $558.9K | +14.1% |
| 5+ Bedrooms | $610K | $661.2K | +8.4% |
Summary: 54016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Zip Codes
| 54016 | $444.3K | $477.5K | +7.5% |
| 54025 | $375K | $385K | +2.7% |
| 55043 | $381K | $375K | -1.6% |
Housing Supply in 54016, WI
How many homes are available in 54016, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 278 | 248 | -10.8% |
Summary: The 54016 real estate market had 248 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 51 | 40 | -21.6% |
| 3 Bedrooms | 99 | 83 | -16.2% |
| 4 Bedrooms | 87 | 88 | +1.1% |
| 5+ Bedrooms | 39 | 35 | -10.3% |
Summary: The 54016 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 21.6%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 34 | -46.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 54016, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 54016 in November 2024, down by 46.0% month-over-month. Of the 34 sold homes, 41% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for 54016, WI
How long does it take to sell a home in 54016, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 41 Days | -24.8% |
Summary: Homes in 54016 had an average of 41 days on market in Nov 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 54016 has remained consistent over time.
Summary: During November 2024, 34 homes were sold in 54016; 26% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
