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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rome is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Rome was a Neutral Market.

Key Takeaway

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

Housing Prices in Rome, WI

How much do homes in Rome, WI cost?

Median Sold Price

$481,000

$319/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$103,700(+27.5%)

Key Takeaway

Homes in Rome have sold for 27.5% more than they did a month ago.

Summary: The median home sold price in Rome was $481,000 in November 2024, up 27.5% from last month, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $309.5K$465.3K
+50.4%
3 $371.1K$549K
+47.9%
4 $650K$412.9K
-36.5%
5+ -$733K
N/A

Summary: Rome housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.4%, 3 bedroom homes increased by 47.9%, 4 bedroom homes decreased by 36.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rome
+27.5%
Armenia
-86.9%

Housing Supply in Rome, WI

How many homes are available in Rome, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5448-11.1%

Summary: The Rome real estate market had 48 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 3329
-12.1%
4 65
-16.7%
5+ 33
0.0%

Summary: The Rome 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 decreased by 8.3%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
990.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rome, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Rome in November 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Rome, 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 21 Days Ago

Newest Listings in Rome, WI

Nearby Markets to Rome, WI

What housing markets are near Rome, WI?