$1,068 Closing Credit*
$89,900
2,400 SqFt
#1899694, Alshun Cole, Listing Office: Fathom Realty, LLC
Is Near North, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Near North has remained a Seller's Market.
Key Takeaway
Near North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near North, WI
How much do homes in Near North, WI cost?
Median Sold Price
$110,214
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,964(+23.5%)
Key Takeaway
Homes in Near North have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Near North was $110,214 in October 2024, up 23.5% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.1K | $29K | -47.4% |
| 2 Bedrooms | $75K | $87.5K | +16.7% |
| 3 Bedrooms | $92.5K | $118.4K | +28.1% |
| 4 Bedrooms | $108K | $119.9K | +11.1% |
| 5+ Bedrooms | $71K | $128K | +80.3% |
Summary: Near North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 80.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Old North Milwaukee | $92K | $122K | +32.6% |
| Lincoln Park | $105K | $136.7K | +30.2% |
| Near North | $89.2K | $110.2K | +23.5% |
Housing Supply in Near North, WI
How many homes are available in Near North, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 146 | +6.6% |
Summary: The Near North real estate market had 146 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 59 | 67 | +13.6% |
| 4 Bedrooms | 47 | 47 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Near North housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near North, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Near North in October 2024, down by 15.8% month-over-month. Of the 32 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for Near North, WI
We’re sorry, we don't have information for this market at the moment
