Is Cottage Grove, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cottage Grove is a seller's market

Buyer's
Market

Difference Since November 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

$455,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+11.0%)

Key Takeaway

Homes in Cottage Grove have sold for 11% more than they did a year ago.

Summary: The median home sold price in Cottage Grove was $455,000 in November 2024, up 11% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K$235K
+9.3%
2 $298K$290K
-2.7%
3 $389.5K$425K
+9.1%
4 $442.7K$477.5K
+7.9%
5+ $780K$690K
-11.5%

Summary: Cottage Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 11.5%.

Housing Supply in Cottage Grove, WI

How many homes are available in Cottage Grove, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4235-16.7%

Summary: The Cottage Grove real estate market had 35 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 2723
-14.8%
4 97
-22.2%
5+ 53
-40.0%

Summary: The Cottage Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cottage Grove, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Cottage Grove in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Cottage Grove, WI

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