$4,096 Closing Credit*
$344,900
1,188 SqFt
2 Beds
•1 Full Bath
#1989710, Kinga Pechacek, Listing Office: Real Broker LLC
Is Cottage Grove, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cottage Grove has remained a Seller's Market.
Key Takeaway
Cottage Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottage Grove, WI
How much do homes in Cottage Grove, WI cost?
Median Sold Price
$462,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,500(+17.1%)
Key Takeaway
Homes in Cottage Grove have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Cottage Grove was $462,500 in October 2024, up 17.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $235K | +9.3% |
| 2 Bedrooms | $296K | $290K | -2.0% |
| 3 Bedrooms | $377K | $440K | +16.7% |
| 4 Bedrooms | $435K | $480K | +10.3% |
| 5+ Bedrooms | $672.5K | $725.2K | +7.8% |
Summary: Cottage Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Cottage Grove, WI
How many homes are available in Cottage Grove, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Cottage Grove real estate market had 45 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cottage Grove 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 increased by 16.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Grove, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Cottage Grove in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Cottage Grove, WI
We’re sorry, we don't have information for this market at the moment
