Is 54940, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54940 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 54940 was a Seller's Market.

Key Takeaway

54940 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 54940, WI

How much do homes in 54940, WI cost?

Median Sold Price

$309,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,500(+2.1%)

Key Takeaway

Homes in 54940 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 54940 was $309,000 in October 2024, up 2.1% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$300K
+140.0%
2 $287.5K$235K
-18.3%
3 $247.5K$314K
+26.9%
4 $544.9K$524.9K
-3.7%
5+ $670K$280K
-58.2%

Summary: 54940 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 58.2%.

Median Sold Price Compared To Nearby Zip Codes

54940
+2.1%
54983
0%
54986
-17.1%

Housing Supply in 54940, WI

How many homes are available in 54940, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2219-13.6%

Summary: The 54940 real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1614
-12.5%
4 33
0.0%
5+ 00
0.0%

Summary: The 54940 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 decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54940, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 54940 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 54940, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 54940, WI

Nearby Markets to 54940, WI