Is 54740, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54740 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 54740 has remained a Seller's Market.

Key Takeaway

54740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54740, WI

How much do homes in 54740, WI cost?

Median Sold Price

$220,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$34,000(-13.4%)

Key Takeaway

Homes in 54740 have sold for 13.4% less than they did a year ago.

Summary: The median home sold price in 54740 was $220,000 in December 2024, down 13.4% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$78.5K
N/A
2 -$134.1K
N/A
3 $254K$290K
+14.2%
4 $230K$285K
+23.9%
5+ $435K-
N/A

Summary: 54740 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes did not change.

Housing Supply in 54740, WI

How many homes are available in 54740, WI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1412-14.3%

Summary: The 54740 real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 97
-22.2%
4 33
0.0%
5+ 00
0.0%

Summary: The 54740 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54740, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 54740 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 54740, WI

How long does it take to sell a home in 54740, WI?

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days47 Days+28.8%

Summary: Homes in 54740 had an average of 47 days on market in Dec 2024, up by 28.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 54740 has remained consistent over time.

Summary: During December 2024, 4 homes were sold in 54740; 0% of homes were sold within 30 days, 50% 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 54740, WI

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