$5,047 Closing Credit*
$425,000
2,640 SqFt
5 Beds
•2 Full Baths
#6116851, Kimberly Taipale-Saari, Listing Office: Coldwell Banker Realty - Iron River
Is 54874, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 54874 was a Buyer's Market.
Key Takeaway
54874 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 54874, WI
How much do homes in 54874, WI cost?
Median Sold Price
$355,000
$204/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$25,000(+7.6%)
Key Takeaway
Homes in 54874 have sold for 7.6% more than they did a month ago.
Summary: The median home sold price in 54874 was $355,000 in October 2024, up 7.6% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | - | $370K | N/A |
| 3 Bedrooms | $330K | $355K | +7.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 54874 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 54874 | $330K | $355K | +7.6% |
| 54864 | $425K | $299.9K | -29.4% |
| 54849 | $815K | $289K | -64.5% |
Housing Supply in 54874, WI
How many homes are available in 54874, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 54874 real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 54874 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 increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 54874, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 54874 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 54874, WI
How long does it take to sell a home in 54874, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 35 Days | +400.0% |
Summary: Homes in 54874 had an average of 35 days on market in Oct 2024, up by 400% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 54874 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 54874; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
