$110,000
Land
Listing Office: RE/MAX Cornerstone
Is Frederic, 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, Frederic has remained a Seller's Market.
Key Takeaway
Frederic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederic, WI
How much do homes in Frederic, WI cost?
Median Sold Price
$249,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,500(+20.0%)
Key Takeaway
Homes in Frederic have sold for 20% more than they did a year ago.
Summary: The median home sold price in Frederic was $249,000 in November 2024, up 20% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.3K | $163K | -7.5% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $202K | $234.5K | +16.1% |
| 4 Bedrooms | $410K | $320K | -22.0% |
| 5+ Bedrooms | $200K | $209.7K | +4.9% |
Summary: Frederic housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Frederic, WI
How many homes are available in Frederic, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Frederic real estate market had 37 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederic housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederic, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Frederic in November 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Frederic, WI
How long does it take to sell a home in Frederic, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 66 Days | -8.1% |
Summary: Homes in Frederic had an average of 66 days on market in Nov 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Frederic has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Frederic; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
