Is 54840, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54840 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54840 has remained a Seller's Market.

Key Takeaway

54840 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54840, WI

How much do homes in 54840, WI cost?

Median Sold Price

$242,500

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+10.2%)

Key Takeaway

Homes in 54840 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 54840 was $242,500 in October 2024, up 10.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K$367.5K
+153.4%
2 $209.5K$200K
-4.5%
3 $223.4K$239K
+7.0%
4 $247.2K$305K
+23.4%
5+ $395K-
N/A

Summary: 54840 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.4%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54872
+22.7%
54840
+10.2%
55063
+7.1%
55069
+3.4%
54006
-4.7%

Housing Supply in 54840, WI

How many homes are available in 54840, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5348-9.4%

Summary: The 54840 real estate market had 48 homes for sale in October 2024, a 9.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1921
+10.5%
3 2420
-16.7%
4 86
-25.0%
5+ 00
0.0%

Summary: The 54840 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54840, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 54840 in October 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for 54840, WI

How long does it take to sell a home in 54840, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days71 Days-2.2%

Summary: Homes in 54840 had an average of 71 days on market in Oct 2024, down by 2.2% compared to last year.

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 54840 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 54840; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 54840, WI

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