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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mukwonago is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Mukwonago is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mukwonago, WI

How much do homes in Mukwonago, WI cost?

Median Sold Price

$470,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,000(+5.9%)

Key Takeaway

Homes in Mukwonago have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Mukwonago was $470,000 in November 2024, up 5.9% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K-
N/A
2 $303.5K$342K
+12.7%
3 $377.5K$477.5K
+26.5%
4 $520K$500.8K
-3.7%
5+ $615K$585K
-4.9%

Summary: Mukwonago housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Cities

Mukwonago
+5.9%
Vernon
+5.6%

Housing Supply in Mukwonago, WI

How many homes are available in Mukwonago, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8173-9.9%

Summary: The Mukwonago real estate market had 73 homes for sale in November 2024, a 9.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2014
-30.0%
3 3938
-2.6%
4 1718
+5.9%
5+ 53
-40.0%

Summary: The Mukwonago 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 30%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2112-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mukwonago, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Mukwonago in November 2024, down by 42.9% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Mukwonago, 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 Mukwonago, WI

Nearby Markets to Mukwonago, WI