Is Paddock Lake, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paddock Lake is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Paddock Lake was a Neutral Market.

Key Takeaway

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

Housing Prices in Paddock Lake, WI

How much do homes in Paddock Lake, WI cost?

Median Sold Price

$290,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-4.9%)

Key Takeaway

Homes in Paddock Lake have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Paddock Lake was $290,000 in November 2024, down 4.9% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$123.5K
N/A
2 $195K$195K
0.0%
3 $294.7K$290K
-1.6%
4 $425K$422.5K
-0.6%
5+ $580K$398.9K
-31.2%

Summary: Paddock Lake 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 did not change, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 31.2%.

Median Sold Price Compared To Nearby Cities

Salem
-1.0%
Paddock Lake
-4.9%

Housing Supply in Paddock Lake, WI

How many homes are available in Paddock Lake, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2021+5.0%

Summary: The Paddock Lake real estate market had 21 homes for sale in November 2024, a 5.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1110
-9.1%
4 24
+100.0%
5+ 10
-100.0%

Summary: The Paddock Lake 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 increased by 16.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paddock Lake, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Paddock Lake in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Paddock Lake, 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 20 Days Ago

Newest Listings in Paddock Lake, WI

Nearby Markets to Paddock Lake, WI

What housing markets are near Paddock Lake, WI?