$5,936 Closing Credit*
$499,900
3,081 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50297981, Kevin Purtell, Listing Office: Keller Williams Fox Cities
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
$338,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since August 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 August 2024, up 5.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.4K | $219.5K | +14.1% |
| 2 Bedrooms | $265K | $253.4K | -4.4% |
| 3 Bedrooms | $285K | $325K | +14.0% |
| 4 Bedrooms | $387.5K | $365K | -5.8% |
| 5+ Bedrooms | $505.9K | $477K | -5.7% |
Summary: Algoma housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Algoma | $320K | $338K | +5.6% |
| Oshkosh | $224.8K | $230.1K | +2.4% |
Housing Supply in Algoma, WI
How many homes are available in Algoma, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Summary: The Algoma real estate market had 44 homes for sale in August 2024, a 12.8% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 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 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algoma, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Algoma in August 2024, up by 77.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for Algoma, WI
We’re sorry, we don't have information for this market at the moment
