Is 54889, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54889 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 54889 has remained a Neutral Market.

Key Takeaway

54889 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 54889, WI

How much do homes in 54889, WI cost?

Median Sold Price

$232,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$100,000(-30.1%)

Key Takeaway

Homes in 54889 have sold for 30.1% less than they did a year ago.

Summary: The median home sold price in 54889 was $232,500 in October 2024, down 30.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $247.5K$155K
-37.4%
3 $280K$232.5K
-17.0%
4 $452.5K$314K
-30.6%
5+ $780K$490K
-37.2%

Summary: 54889 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.4%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 37.2%.

Median Sold Price Compared To Nearby Zip Codes

54805
+55.3%
54004
+24.7%
54810
-9.8%
54889
-30.1%

Housing Supply in 54889, WI

How many homes are available in 54889, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3637+2.8%

Summary: The 54889 real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 77
0.0%
3 1920
+5.3%
4 99
0.0%
5+ 00
0.0%

Summary: The 54889 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 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 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 54889, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 54889 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 54889, WI

How long does it take to sell a home in 54889, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
119 Days72 Days-38.9%

Summary: Homes in 54889 had an average of 72 days on market in Oct 2024, down by 38.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 54889 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 54889; 33% 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 54889, WI

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