Is DeForest, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, DeForest has remained a Seller's Market.
Key Takeaway
DeForest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in DeForest, WI
How much do homes in DeForest, WI cost?
Median Sold Price
$424,250
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in DeForest have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in DeForest was $424,250 in May 2024, up 18.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.9K | - | N/A |
| 2 Bedrooms | $266.1K | $308.5K | +15.9% |
| 3 Bedrooms | $364K | $405.5K | +11.4% |
| 4 Bedrooms | $569.2K | $515K | -9.5% |
| 5+ Bedrooms | $582.4K | $668.2K | +14.7% |
Summary: DeForest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in DeForest, WI
How many homes are available in DeForest, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 95 | 0.0% |
Summary: The DeForest real estate market had 95 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 36 | 36 | 0.0% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The DeForest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in DeForest, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in DeForest in May 2024, up by 4.2% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for DeForest, WI
We’re sorry, we don't have information for this market at the moment
