Is 54724, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54724 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54724 has remained a Seller's Market.

Key Takeaway

54724 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54724, WI

How much do homes in 54724, WI cost?

Median Sold Price

$310,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$21,500(-6.5%)

Key Takeaway

Homes in 54724 have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in 54724 was $310,000 in October 2024, down 6.5% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.5K-
N/A
2 $179K$230K
+28.5%
3 $333K$289.5K
-13.1%
4 $457.4K$417.5K
-8.7%
5+ $775K$675K
-12.9%

Summary: 54724 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 28.5%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Zip Codes

54724
-6.5%
54757
-36.6%

Housing Supply in 54724, WI

How many homes are available in 54724, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3234+6.3%

Summary: The 54724 real estate market had 34 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 1313
0.0%
4 66
0.0%
5+ 36
+100.0%

Summary: The 54724 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 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54724, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 54724 in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 54724, WI

How long does it take to sell a home in 54724, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
85 Days168 Days+97.6%

Summary: Homes in 54724 had an average of 168 days on market in Oct 2024, up by 97.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 54724 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 9 homes were sold in 54724; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in 54724, WI

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