Is Mc Farland, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Farland is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mc Farland, WI

How much do homes in Mc Farland, WI cost?

Median Sold Price

$465,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+10.7%)

Key Takeaway

Homes in Mc Farland have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Mc Farland was $465,000 in October 2024, up 10.7% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $325.8K$365.7K
+12.2%
3 $411.7K$440K
+6.9%
4 $473.5K$519.9K
+9.8%
5+ $565K$760K
+34.5%

Summary: Mc Farland 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 increased by 12.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 34.5%.

Median Sold Price Compared To Nearby Cities

McFarland
+11.3%
Mc Farland
+10.7%
Blooming Grove
+9.3%
Madison
+7.4%

Housing Supply in Mc Farland, WI

How many homes are available in Mc Farland, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5660+7.1%

Summary: The Mc Farland real estate market had 60 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2027
+35.0%
4 2624
-7.7%
5+ 44
0.0%

Summary: The Mc Farland 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 decreased by 16.7%, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1419+35.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mc Farland, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Mc Farland in October 2024, up by 35.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.

Days on Market for Mc Farland, 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 Mc Farland, WI

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