Is 54020, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54020 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 54020 was a Seller's Market.

Key Takeaway

54020 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 54020, WI

How much do homes in 54020, WI cost?

Median Sold Price

$325,000

$175/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 54020 has remained the same since last year.

Summary: The median home sold price in 54020 was $325,000 in November 2024, the same as last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $276K$387K
+40.2%
2 $293.4K$295.4K
+0.6%
3 $317.5K$320K
+0.8%
4 $355K$370K
+4.2%
5+ $425K$735K
+72.9%

Summary: 54020 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 72.9%.

Median Sold Price Compared To Nearby Zip Codes

55074
+8.3%
54020
0.0%
54009
-10.1%
55073
-11.5%

Housing Supply in 54020, WI

How many homes are available in 54020, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9787-10.3%

Summary: The 54020 real estate market had 87 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3033
+10.0%
3 3733
-10.8%
4 2518
-28.0%
5+ 53
-40.0%

Summary: The 54020 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 increased by 10%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54020, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 54020 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.

Days on Market for 54020, WI

How long does it take to sell a home in 54020, WI?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days51 Days-1.8%

Summary: Homes in 54020 had an average of 51 days on market in Nov 2024, down by 1.8% compared to last year.

Breakdown of Home Sale Times

4 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

Many homes in 54020 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 54020; 31% of homes were sold within 30 days, 23% 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 22 Days Ago

Newest Listings in 54020, WI

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