$8,074 Closing Credit*
$679,900
4,469 SqFt
6 Beds
•4 Full Baths
#22405414, THE WARAKSA GROUP, Listing Office: ROCK SOLID REAL ESTATE
Is Rib Mountain, 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, Rib Mountain has remained a Seller's Market.
Key Takeaway
Rib Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rib Mountain, WI
How much do homes in Rib Mountain, WI cost?
Median Sold Price
$331,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,500(+18.4%)
Key Takeaway
Homes in Rib Mountain have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Rib Mountain was $331,500 in October 2024, up 18.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $266K | $184K | -30.8% |
| 3 Bedrooms | $270K | $272.5K | +0.9% |
| 4 Bedrooms | $323.7K | $372K | +14.9% |
| 5+ Bedrooms | $582.5K | $418K | -28.2% |
Summary: Rib Mountain 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 30.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Rib Mountain | $280K | $331.5K | +18.4% |
| Wausau | $205.4K | $222.3K | +8.2% |
| Schofield | $265K | $265K | 0.0% |
Housing Supply in Rib Mountain, WI
How many homes are available in Rib Mountain, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Rib Mountain real estate market had 23 homes for sale in October 2024, a 4.5% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Rib Mountain 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 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rib Mountain, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Rib Mountain in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Rib Mountain, WI
We’re sorry, we don't have information for this market at the moment
