$2,968 Closing Credit*
$249,900
1,268 SqFt
3 Beds
•1 Full Bath
#1587309, Laurie Marshall, Listing Office: Northland Group Real Estate
Is Chippewa Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chippewa Falls has remained a Seller's Market.
Key Takeaway
Chippewa Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa Falls, WI
How much do homes in Chippewa Falls, WI cost?
Median Sold Price
$295,000
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$55,000(-15.7%)
Key Takeaway
Homes in Chippewa Falls have sold for 15.7% less than they did a month ago.
Summary: The median home sold price in Chippewa Falls was $295,000 in October 2024, down 15.7% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $222K | +11.0% |
| 3 Bedrooms | $365K | $244.9K | -32.9% |
| 4 Bedrooms | $363K | $372K | +2.5% |
| 5+ Bedrooms | $400K | $578.5K | +44.6% |
Summary: Chippewa Falls housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes decreased by 32.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 44.6%.
Median Sold Price Compared To Nearby Cities
| Eagle Point | $252.5K | $570K | +125.7% |
| Lake Hallie | $363K | $380.9K | +4.9% |
| Chippewa Falls | $350K | $295K | -15.7% |
| Lafayette | $550K | $410K | -25.5% |
Housing Supply in Chippewa Falls, WI
How many homes are available in Chippewa Falls, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 177 | 176 | -0.6% |
Summary: The Chippewa Falls real estate market had 176 homes for sale in October 2024, a 0.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 87 | 78 | -10.3% |
| 4 Bedrooms | 40 | 48 | +20.0% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Chippewa Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 30 | -31.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Falls, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Chippewa Falls in October 2024, down by 31.8% month-over-month. Of the 30 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Chippewa Falls, WI
How long does it take to sell a home in Chippewa Falls, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 51 Days | +22.6% |
Summary: Homes in Chippewa Falls had an average of 51 days on market in Oct 2024, up by 22.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Falls are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Chippewa Falls; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
