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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kiel is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Kiel was a Seller's Market.

Key Takeaway

Kiel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kiel, WI

How much do homes in Kiel, WI cost?

Median Sold Price

$250,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,450(-1.4%)

Key Takeaway

Homes in Kiel have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Kiel was $250,000 in October 2024, down 1.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $205K$195K
-4.9%
3 $265K$249.9K
-5.7%
4 $362.4K$377.5K
+4.2%
5+ $344.9K$250K
-27.5%

Summary: Kiel 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 4.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 27.5%.

Median Sold Price Compared To Nearby Cities

Schleswig
+20.6%
Kiel
-1.4%

Housing Supply in Kiel, WI

How many homes are available in Kiel, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
22220.0%

Summary: The Kiel real estate market had 22 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1413
-7.1%
4 56
+20.0%
5+ 00
0.0%

Summary: The Kiel 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kiel, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kiel in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Kiel, 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 16 Days Ago

Newest Listings in Kiel, WI

Nearby Markets to Kiel, WI