Is Janesville, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Janesville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Janesville has remained a Seller's Market.

Key Takeaway

Janesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Janesville, WI

How much do homes in Janesville, WI cost?

Median Sold Price

$272,363

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,546(+6.9%)

Key Takeaway

Homes in Janesville have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Janesville was $272,363 in November 2024, up 6.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127.5K$136K
+6.7%
2 $200K$215K
+7.5%
3 $260K$284.2K
+9.3%
4 $354.9K$335K
-5.6%
5+ $359.9K$365K
+1.4%

Summary: Janesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 1.4%.

Housing Supply in Janesville, WI

How many homes are available in Janesville, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
281265-5.7%

Summary: The Janesville real estate market had 265 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 5858
0.0%
3 137138
+0.7%
4 7359
-19.2%
5+ 129
-25.0%

Summary: The Janesville 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 remained the same, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6877+13.2%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Janesville, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 77 homes were sold or pending in Janesville in November 2024, up by 13.2% month-over-month. Of the 77 sold homes, 42% were sold under asking, 13% were sold at asking, and 45% were sold over asking.

Days on Market for Janesville, 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 20 Days Ago

Newest Listings in Janesville, WI

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