$5,047 Closing Credit*
$425,000
2,640 SqFt
5 Beds
•2 Full Baths
#6116851, Kimberly Taipale-Saari, Listing Office: Coldwell Banker Realty - Iron River
Is South Range, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, South Range was a Buyer's Market.
Key Takeaway
South Range is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Range, WI
How much do homes in South Range, WI cost?
Median Sold Price
$355,000
$204/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$25,000(+7.6%)
Key Takeaway
Homes in South Range have sold for 7.6% more than they did a month ago.
Summary: The median home sold price in South Range was $355,000 in October 2024, up 7.6% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | - | $370K | N/A |
| 3 Bedrooms | $330K | $355K | +7.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Range 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 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Range | $330K | $355K | +7.6% |
| Amnicon | $330K | $355K | +7.6% |
Housing Supply in South Range, WI
How many homes are available in South Range, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The South Range real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Range 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Range, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in South Range in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for South Range, WI
How long does it take to sell a home in South Range, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 35 Days | +400.0% |
Summary: Homes in South Range had an average of 35 days on market in Oct 2024, up by 400% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Range are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in South Range; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
