$4,691 Closing Credit*
$395,000
2,284 SqFt
4 Beds
•1 Full Bath
#6632386, Betty Most-Baugher, Listing Office: Edina Realty, Inc.
Is 54022, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $312.5K | +13.6% |
| 3 Bedrooms | $375K | $365K | -2.7% |
| 4 Bedrooms | $410K | $445K | +8.5% |
| 5+ Bedrooms | $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 | $672.5K | $726K | +8.0% |
| 54022 | $375K | $388K | +3.5% |
| 54021 | $415K | $380K | -8.4% |
Housing Supply in 54022, WI
How many homes are available in 54022, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 170 | 171 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 64 | 66 | +3.1% |
| 4 Bedrooms | 57 | 60 | +5.3% |
| 5+ Bedrooms | 20 | 16 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 30 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 50 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
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.
