Is Sherman Park, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherman Park is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sherman Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sherman Park, WI

How much do homes in Sherman Park, WI cost?

Median Sold Price

$111,575

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,687(+1.5%)

Key Takeaway

Homes in Sherman Park have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Sherman Park was $111,575 in November 2024, up 1.5% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $52K$105K
+101.9%
3 $92.2K$77K
-16.5%
4 $115K$110.9K
-3.5%
5+ $205.5K$200K
-2.7%

Summary: Sherman Park 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 increased by 101.9%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Neighborhoods

Roosevelt Grove
+8.8%
Sherman Park
+1.5%
Saint Joseph
-1.0%

Housing Supply in Sherman Park, WI

How many homes are available in Sherman Park, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1821+16.7%

Summary: The Sherman Park real estate market had 21 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1012
+20.0%
4 55
0.0%
5+ 22
0.0%

Summary: The Sherman Park 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 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherman Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sherman Park in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Sherman Park, 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 17 Days Ago

Newest Listings in Sherman Park, WI

Nearby Markets to Sherman Park, WI