$3,656 Closing Credit*
$307,900
1,366 SqFt
2 Beds
•2 Full Baths
#50301166, Linda Sanderfoot, Listing Office: Coldwell Banker Real Estate Group
Is Algoma, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$340,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.6%)
Key Takeaway
Homes in Algoma have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Algoma was $340,000 in November 2024, up 4.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.2K | $219.5K | +32.1% |
| 2 Bedrooms | $275K | $212.5K | -22.7% |
| 3 Bedrooms | $305.7K | $330.7K | +8.2% |
| 4 Bedrooms | $387.5K | $390K | +0.6% |
| 5+ Bedrooms | $445K | $547K | +22.9% |
Summary: Algoma housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Algoma | $325K | $340K | +4.6% |
| Oshkosh | $229.9K | $235.9K | +2.6% |
Housing Supply in Algoma, WI
How many homes are available in Algoma, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Algoma real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Algoma housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algoma, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Algoma in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Algoma, WI
We’re sorry, we don't have information for this market at the moment
