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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mecan is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mecan has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mecan, WI

How much do homes in Mecan, WI cost?

Median Sold Price

$155,000

$161/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$71,000(+84.5%)

Key Takeaway

Homes in Mecan have sold for 84.5% more than they did a month ago.

Summary: The median home sold price in Mecan was $155,000 in November 2024, up 84.5% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $74.5K$142.5K
+91.3%
3 $230K-
N/A
4 -$175K
N/A
5+ --
N/A

Summary: Mecan housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 91.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mecan, WI

How many homes are available in Mecan, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Mecan real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 67
+16.7%
4 11
0.0%
5+ 11
0.0%

Summary: The Mecan 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 decreased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mecan, 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 Mecan in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Mecan, 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 2 Days Ago

Newest Listings in Mecan, WI

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