Is 54874, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54874 is a 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

# BEDSSep 2024Oct 2024CHANGE
1 -$265K
N/A
2 -$370K
N/A
3 $330K$355K
+7.6%
4 --
N/A
5+ --
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
+7.6%
54864
-29.4%
54849
-64.5%

Housing Supply in 54874, WI

How many homes are available in 54874, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1820+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

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 44
0.0%
3 1011
+10.0%
4 00
0.0%
5+ 12
+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 2024Oct 2024CHANGE
25+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

Asking vs Sold - buyer

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 2024Oct 2024CHANGE
7 Days35 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

Breakdown of Home Sale Times

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.

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 54874, WI

Nearby Markets to 54874, WI