$4,155 Closing Credit*
$349,900
2,142 SqFt
3 Beds
•2 Full Baths
#50301027, Anita Bluhm, Listing Office: First Weber, Realtors, Oshkosh
Is Algoma, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$338,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+5.6%)
Key Takeaway
Homes in Algoma have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Algoma was $338,000 in October 2024, up 5.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.2K | $219.5K | +32.1% |
| 2 Bedrooms | $275K | $225K | -18.2% |
| 3 Bedrooms | $297.5K | $325K | +9.2% |
| 4 Bedrooms | $390K | $372.5K | -4.5% |
| 5+ Bedrooms | $454.4K | $500K | +10.0% |
Summary: Algoma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Nekimi | $345K | $420K | +21.7% |
| Algoma | $320K | $338K | +5.6% |
| Oshkosh | $229.2K | $234.9K | +2.5% |
Housing Supply in Algoma, WI
How many homes are available in Algoma, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Summary: The Algoma real estate market had 49 homes for sale in October 2024, a 19.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Algoma 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 increased by 50%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algoma, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Algoma in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Algoma, WI
We’re sorry, we don't have information for this market at the moment
