Is 54022, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54022 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54022 has remained a Seller's Market.

Key Takeaway

54022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54022, WI

How much do homes in 54022, WI cost?

Median Sold Price

$388,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+3.5%)

Key Takeaway

Homes in 54022 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 54022 was $388,000 in October 2024, up 3.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $275K$312.5K
+13.6%
3 $375K$365K
-2.7%
4 $410K$445K
+8.5%
5+ $449.9K$510K
+13.3%

Summary: 54022 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 increased by 13.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Zip Codes

55001
+8.0%
54022
+3.5%
54021
-8.4%

Housing Supply in 54022, WI

How many homes are available in 54022, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
170171+0.6%

Summary: The 54022 real estate market had 171 homes for sale in October 2024, a 0.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2727
0.0%
3 6466
+3.1%
4 5760
+5.3%
5+ 2016
-20.0%

Summary: The 54022 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 remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4430-31.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54022, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 54022 in October 2024, down by 31.8% month-over-month. Of the 30 sold homes, 47% were sold under asking, 17% were sold at asking, and 37% were sold over asking.

Days on Market for 54022, WI

How long does it take to sell a home in 54022, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days50 Days+71.6%

Summary: Homes in 54022 had an average of 50 days on market in Oct 2024, up by 71.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 54022 has remained consistent over time.

Summary: During October 2024, 30 homes were sold in 54022; 23% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 54022, WI

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