$1,780 Closing Credit*
$149,900
891 SqFt
2 Beds
•1 Full Bath
#50298123, Michael Bultman, Listing Office: Town & Country Real Estate
Is Algoma, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Algoma has remained a Seller's Market.
Key Takeaway
Algoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Algoma, WI
How much do homes in Algoma, WI cost?
Median Sold Price
$210,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$5,200(-2.4%)
Key Takeaway
Homes in Algoma have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Algoma was $210,000 in August 2024, down 2.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $219.5K | +18.6% |
| 2 Bedrooms | $325K | $166.5K | -48.8% |
| 3 Bedrooms | $190.5K | $199K | +4.5% |
| 4 Bedrooms | $412K | $222.5K | -46.0% |
| 5+ Bedrooms | - | $70K | N/A |
Summary: Algoma housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes decreased by 48.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 46%, and 5+ bedroom homes did not change.
Housing Supply in Algoma, WI
How many homes are available in Algoma, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Algoma real estate market had 13 homes for sale in August 2024, a 30.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Algoma housing inventory by bedroom type for August 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 133.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algoma, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Algoma in August 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Algoma, WI
We’re sorry, we don't have information for this market at the moment
