Is 54220, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54220 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 54220 has remained a Seller's Market.

Key Takeaway

54220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54220, WI

How much do homes in 54220, WI cost?

Median Sold Price

$218,166

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$18,166(+9.1%)

Key Takeaway

Homes in 54220 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 54220 was $218,166 in December 2024, up 9.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $106K$239K
+125.5%
2 $162.5K$185K
+13.8%
3 $206.5K$215K
+4.1%
4 $238K$250K
+5.0%
5+ $335K$320K
-4.5%

Summary: 54220 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.5%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

54241
+18.6%
54220
+9.1%
54247
+6.1%

Housing Supply in 54220, WI

How many homes are available in 54220, WI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
138125-9.4%

Summary: The 54220 real estate market had 125 homes for sale in December 2024, a 9.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 2623
-11.5%
3 7365
-11.0%
4 2927
-6.9%
5+ 1010
0.0%

Summary: The 54220 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3341+24.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54220, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in 54220 in December 2024, up by 24.2% month-over-month. Of the 41 sold homes, 34% were sold under asking, 20% were sold at asking, and 46% were sold over asking.

Days on Market for 54220, WI

We’re sorry, we don't have information for this market at the moment

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 54220, WI

Nearby Markets to 54220, WI