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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Preston is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Preston was a Buyer's Market.

Key Takeaway

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

Housing Prices in Preston, WI

How much do homes in Preston, WI cost?

Median Sold Price

$290,000

$141/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$115,100(+65.8%)

Key Takeaway

Homes in Preston have sold for 65.8% more than they did a month ago.

Summary: The median home sold price in Preston was $290,000 in October 2024, up 65.8% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$176K
N/A
3 $174.9K$290K
+65.8%
4 --
N/A
5+ --
N/A

Summary: Preston housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 65.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Preston
+65.8%
Big Flats
-58.7%

Housing Supply in Preston, WI

How many homes are available in Preston, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1114+27.3%

Summary: The Preston real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 67
+16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Preston 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 increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Preston, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Preston in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Preston, 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 Preston, WI

Nearby Markets to Preston, WI

What housing markets are near Preston, WI?