Is 54961, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54961 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 54961 has remained a Seller's Market.

Key Takeaway

54961 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54961, WI

How much do homes in 54961, WI cost?

Median Sold Price

$235,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$13,000(-5.2%)

Key Takeaway

Homes in 54961 have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in 54961 was $235,000 in November 2024, down 5.2% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $98K$106.9K
+9.1%
2 $159.9K$165K
+3.2%
3 $239.9K$237.5K
-1.0%
4 $280K$269.5K
-3.8%
5+ $239.9K$374.5K
+56.1%

Summary: 54961 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 56.1%.

Median Sold Price Compared To Nearby Zip Codes

54944
+6.9%
54983
-1.6%
54961
-5.2%

Housing Supply in 54961, WI

How many homes are available in 54961, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4032-20.0%

Summary: The 54961 real estate market had 32 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 21
-50.0%
3 2418
-25.0%
4 88
0.0%
5+ 53
-40.0%

Summary: The 54961 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54961, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 54961 in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 54961, 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 21 Days Ago

Newest Listings in 54961, WI

Nearby Markets to 54961, WI