$2,196 Closing Credit*
$184,900
1,722 SqFt
4 Beds
•2 Baths
Listing Office: Compass Realty Group
Is Cumberland, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$260,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-7.1%)
Key Takeaway
Homes in Cumberland have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Cumberland was $260,000 in November 2024, down 7.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.1K | - | N/A |
| 2 Bedrooms | $250K | $297K | +18.8% |
| 3 Bedrooms | $281K | $260K | -7.5% |
| 4 Bedrooms | $285K | $235K | -17.5% |
| 5+ Bedrooms | $215K | $289.5K | +34.7% |
Summary: Cumberland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 34.7%.
Housing Supply in Cumberland, WI
How many homes are available in Cumberland, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 32 | -25.6% |
Summary: The Cumberland real estate market had 32 homes for sale in November 2024, a 25.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 2 | -75.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Cumberland 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 decreased by 75%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cumberland in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 34 Days | +28.3% |
Summary: Homes in Cumberland had an average of 34 days on market in Nov 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Cumberland; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
