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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alma is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Alma, WI

How much do homes in Alma, WI cost?

Median Sold Price

$239,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,500(+27.5%)

Key Takeaway

Homes in Alma have sold for 27.5% more than they did a year ago.

Summary: The median home sold price in Alma was $239,000 in October 2024, up 27.5% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $190K$246.5K
+29.7%
3 $177K$245K
+38.4%
4 $310K$270K
-12.9%
5+ $575K$158K
-72.5%

Summary: Alma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 38.4%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 72.5%.

Housing Supply in Alma, WI

How many homes are available in Alma, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1711-35.3%

Summary: The Alma real estate market had 11 homes for sale in October 2024, a 35.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 03
+100.0%
2 21
-50.0%
3 115
-54.5%
4 42
-50.0%
5+ 00
0.0%

Summary: The Alma housing inventory by bedroom type for October 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 54.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alma, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Alma in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Alma, 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 16 Days Ago

Newest Listings in Alma, WI

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