Is 54888, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54888 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 54888 has remained a Seller's Market.

Key Takeaway

54888 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54888, WI

How much do homes in 54888, WI cost?

Median Sold Price

$280,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$35,000(-11.1%)

Key Takeaway

Homes in 54888 have sold for 11.1% less than they did a year ago.

Summary: The median home sold price in 54888 was $280,000 in October 2024, down 11.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $234K$122.5K
-47.6%
2 $390K$388.5K
-0.4%
3 $300K$275K
-8.3%
4 -$418K
N/A
5+ -$137K
N/A

Summary: 54888 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54830
+5.8%
54888
-11.1%
54801
-20.1%
54859
-23.3%

Housing Supply in 54888, WI

How many homes are available in 54888, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The 54888 real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 78
+14.3%
3 23
+50.0%
4 53
-40.0%
5+ 42
-50.0%

Summary: The 54888 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54888, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 54888 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 54888, WI

How long does it take to sell a home in 54888, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days29 Days+222.2%

Summary: Homes in 54888 had an average of 29 days on market in Oct 2024, up by 222.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 54888 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 54888; 25% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 54888, WI

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