Is 54853, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54853 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54853 has remained a Seller's Market.

Key Takeaway

54853 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54853, WI

How much do homes in 54853, WI cost?

Median Sold Price

$300,500

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,500(+11.7%)

Key Takeaway

Homes in 54853 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 54853 was $300,500 in October 2024, up 11.7% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$121.5K
-34.3%
2 $252.3K$266.2K
+5.5%
3 $270K$325.5K
+20.6%
4 $337K$284K
-15.7%
5+ $450K$200K
-55.6%

Summary: 54853 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 55.6%.

Median Sold Price Compared To Nearby Zip Codes

54858
+74.3%
54853
+11.7%
54810
-9.8%
54824
-19.8%

Housing Supply in 54853, WI

How many homes are available in 54853, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4741-12.8%

Summary: The 54853 real estate market had 41 homes for sale in October 2024, a 12.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 66
0.0%
3 2822
-21.4%
4 77
0.0%
5+ 22
0.0%

Summary: The 54853 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
177-58.8%

Asking Price vs. Sold Price

7 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 54853, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 54853 in October 2024, down by 58.8% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 54853, WI

How long does it take to sell a home in 54853, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days92 Days+273.7%

Summary: Homes in 54853 had an average of 92 days on market in Oct 2024, up by 273.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 54853 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in 54853; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in 54853, WI

Nearby Markets to 54853, WI