Is 54616, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54616 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 54616 has remained a Seller's Market.

Key Takeaway

54616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54616, WI

How much do homes in 54616, WI cost?

Median Sold Price

$274,900

$165/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,977(+10.4%)

Key Takeaway

Homes in 54616 have sold for 10.4% more than they did a month ago.

Summary: The median home sold price in 54616 was $274,900 in October 2024, up 10.4% from last month, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $145K$116.5K
-19.7%
3 $248.9K$199K
-20.1%
4 -$402.3K
N/A
5+ $385K-
N/A

Summary: 54616 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.7%, 3 bedroom homes decreased by 20.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54616
+10.4%
54635
+7.2%
54627
+3.6%
54773
-47.2%

Housing Supply in 54616, WI

How many homes are available in 54616, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1816-11.1%

Summary: The 54616 real estate market had 16 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 22
0.0%
3 96
-33.3%
4 55
0.0%
5+ 10
-100.0%

Summary: The 54616 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54616, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 54616 in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 54616, WI

How long does it take to sell a home in 54616, WI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 54616 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 54616; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in 54616, WI

Nearby Markets to 54616, WI