$10,000 Closing Credit*
$1,390,000
3,200 SqFt
4 Beds
•2 Full Baths, 1 Partial
#1586895, Kevin Feather, Listing Office: Feather Real Estate Group Rice Lake
Is New Franken, 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, New Franken has remained a Seller's Market.
Key Takeaway
New Franken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Franken, WI
How much do homes in New Franken, WI cost?
Median Sold Price
$340,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.0%)
Key Takeaway
Homes in New Franken have sold for 3% more than they did a year ago.
Summary: The median home sold price in New Franken was $340,000 in October 2024, up 3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261K | $222.5K | -14.8% |
| 3 Bedrooms | $315K | $356.8K | +13.3% |
| 4 Bedrooms | $340K | $405K | +19.1% |
| 5+ Bedrooms | $357.4K | $332.5K | -7.0% |
Summary: New Franken 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 decreased by 14.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 7%.
Housing Supply in New Franken, WI
How many homes are available in New Franken, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The New Franken real estate market had 13 homes for sale in October 2024, a 44.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Franken 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 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Franken, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in New Franken in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for New Franken, WI
We’re sorry, we don't have information for this market at the moment
