Is 54701, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54701 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 54701 has remained a Seller's Market.

Key Takeaway

54701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54701, WI

How much do homes in 54701, WI cost?

Median Sold Price

$339,900

$152/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$29,900(+9.6%)

Key Takeaway

Homes in 54701 have sold for 9.6% more than they did a month ago.

Summary: The median home sold price in 54701 was $339,900 in November 2024, up 9.6% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $150K$145K
-3.3%
2 $260K$229K
-11.9%
3 $282K$339.9K
+20.5%
4 $399.9K$430K
+7.5%
5+ $590K-
N/A

Summary: 54701 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54742
+10.0%
54701
+9.6%
54720
-4.2%
54739
-29.7%

Housing Supply in 54701, WI

How many homes are available in 54701, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
200171-14.5%

Summary: The 54701 real estate market had 171 homes for sale in November 2024, a 14.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 4337
-14.0%
3 6760
-10.4%
4 7057
-18.6%
5+ 1715
-11.8%

Summary: The 54701 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4441-6.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54701, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 54701 in November 2024, down by 6.8% month-over-month. Of the 41 sold homes, 51% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for 54701, WI

How long does it take to sell a home in 54701, WI?

Average Sale Time

Oct 2024Nov 2024CHANGE
31 Days68 Days+115.7%

Summary: Homes in 54701 had an average of 68 days on market in Nov 2024, up by 115.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 54701 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 41 homes were sold in 54701; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in 54701, WI

Nearby Markets to 54701, WI