$375,000
0.73 Acres
Land
#1587460, Wayne Johnson, Listing Office: Coldwell Banker Realty HDS
Is Cedar Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cedar Lake was a Seller's Market.
Key Takeaway
Cedar Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedar Lake, WI
How much do homes in Cedar Lake, WI cost?
Median Sold Price
$334,450
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$157,550(-32.0%)
Key Takeaway
Homes in Cedar Lake have sold for 32% less than they did a year ago.
Summary: The median home sold price in Cedar Lake was $334,450 in October 2024, down 32% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $230K | -23.3% |
| 2 Bedrooms | $247.5K | $265K | +7.1% |
| 3 Bedrooms | $695K | $359K | -48.3% |
| 4 Bedrooms | $467K | $1.0M | +122.2% |
| 5+ Bedrooms | $1.1M | $720K | -39.6% |
Summary: Cedar Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 48.3%, 4 bedroom homes increased by 122.2%, and 5+ bedroom homes decreased by 39.6%.
Housing Supply in Cedar Lake, WI
How many homes are available in Cedar Lake, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The Cedar Lake real estate market had 40 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cedar Lake 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 decreased by 15.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cedar Lake in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Lake, WI
How long does it take to sell a home in Cedar Lake, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 120 Days | 103 Days | -14.2% |
Summary: Homes in Cedar Lake had an average of 103 days on market in Oct 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Cedar Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
