Is 54311, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54311 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54311 has remained a Seller's Market.

Key Takeaway

54311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54311, WI

How much do homes in 54311, WI cost?

Median Sold Price

$389,750

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,750(+11.4%)

Key Takeaway

Homes in 54311 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 54311 was $389,750 in October 2024, up 11.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$122.7K
-9.1%
2 $367K$419.4K
+14.3%
3 $339.8K$365K
+7.4%
4 $410K$410K
0.0%
5+ $648K$646.2K
-0.3%

Summary: 54311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

54217
+15.7%
54311
+11.4%
54301
+6.1%
54302
+6.0%
54229
+3.0%

Housing Supply in 54311, WI

How many homes are available in 54311, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10598-6.7%

Summary: The 54311 real estate market had 98 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2221
-4.5%
3 5445
-16.7%
4 2728
+3.7%
5+ 13
+200.0%

Summary: The 54311 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 decreased by 4.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3219-40.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54311, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 54311 in October 2024, down by 40.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.

Days on Market for 54311, 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 21 Days Ago

Newest Listings in 54311, WI

Nearby Markets to 54311, WI