$8,609 Closing Credit*
$725,000
3,561 SqFt
5 Beds
•4 Full Baths
Listing Office: Property Executives Realty
Is Cumberland, 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, Cumberland has remained a Seller's Market.
Key Takeaway
Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland, WI
How much do homes in Cumberland, WI cost?
Median Sold Price
$259,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,100(-7.5%)
Key Takeaway
Homes in Cumberland have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Cumberland was $259,900 in October 2024, down 7.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.1K | - | N/A |
| 2 Bedrooms | $249.9K | $223.5K | -10.6% |
| 3 Bedrooms | $281K | $259.9K | -7.5% |
| 4 Bedrooms | $310K | $235K | -24.2% |
| 5+ Bedrooms | $215K | $399.7K | +85.9% |
Summary: Cumberland 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 decreased by 10.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 85.9%.
Median Sold Price Compared To Nearby Cities
| Maple Plain | $315K | $590K | +87.3% |
| Cumberland | $281K | $259.9K | -7.5% |
Housing Supply in Cumberland, WI
How many homes are available in Cumberland, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Summary: The Cumberland real estate market had 44 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 15 | 9 | -40.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Cumberland 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 increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Cumberland in October 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Cumberland, WI
How long does it take to sell a home in Cumberland, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 36 Days | -56.6% |
Summary: Homes in Cumberland had an average of 36 days on market in Oct 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cumberland has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Cumberland; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
