$1,176 Closing Credit*
$99,000
503 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results Inc
Is Menomonie, 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, Menomonie has remained a Seller's Market.
Key Takeaway
Menomonie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menomonie, WI
How much do homes in Menomonie, WI cost?
Median Sold Price
$319,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+1.8%)
Key Takeaway
Homes in Menomonie have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Menomonie was $319,500 in November 2024, up 1.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $144.6K | +189.2% |
| 2 Bedrooms | $195K | $230K | +17.9% |
| 3 Bedrooms | $277K | $325K | +17.3% |
| 4 Bedrooms | $353K | $338.5K | -4.1% |
| 5+ Bedrooms | $410K | $211.5K | -48.4% |
Summary: Menomonie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 189.2%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 48.4%.
Housing Supply in Menomonie, WI
How many homes are available in Menomonie, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 140 | 145 | +3.6% |
Summary: The Menomonie real estate market had 145 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 37 | 34 | -8.1% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Menomonie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menomonie, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Menomonie in November 2024, up by 47.4% month-over-month. Of the 28 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Menomonie, WI
How long does it take to sell a home in Menomonie, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 63 Days | +175.4% |
Summary: Homes in Menomonie had an average of 63 days on market in Nov 2024, up by 175.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Menomonie has remained consistent over time.
Summary: During November 2024, 28 homes were sold in Menomonie; 7% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
