$2,671 Closing Credit*
$224,900
1,103 SqFt
2 Beds
•1 Full Bath
#1902390, Craig Stein, Listing Office: In Town Realty Group
Is Southwest, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Southwest has remained a Seller's Market.
Key Takeaway
Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest, WI
How much do homes in Southwest, WI cost?
Median Sold Price
$250,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.4%)
Key Takeaway
Homes in Southwest have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Southwest was $250,000 in November 2024, up 6.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $86.5K | -7.5% |
| 2 Bedrooms | $184K | $211K | +14.7% |
| 3 Bedrooms | $245K | $258.8K | +5.7% |
| 4 Bedrooms | $247.5K | $280K | +13.1% |
| 5+ Bedrooms | $268K | $331.5K | +23.7% |
Summary: Southwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Honey Creek Manor | $230.9K | $260K | +12.6% |
| Southwest | $235K | $250K | +6.4% |
| Alverno | $444K | $319.5K | -28.0% |
Housing Supply in Southwest, WI
How many homes are available in Southwest, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 157 | 154 | -1.9% |
Summary: The Southwest real estate market had 154 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 98 | 93 | -5.1% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 0 | 6 | +100.0% |
Summary: The Southwest 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 6.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Southwest in November 2024, up by 2.2% month-over-month. Of the 47 sold homes, 30% were sold under asking, 11% were sold at asking, and 60% were sold over asking.
Days on Market for Southwest, WI
We’re sorry, we don't have information for this market at the moment
