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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparta is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sparta, WI

How much do homes in Sparta, WI cost?

Median Sold Price

$260,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+11.8%)

Key Takeaway

Homes in Sparta have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Sparta was $260,000 in October 2024, up 11.8% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$155K
+72.2%
2 $166K$194.5K
+17.2%
3 $204.5K$227.5K
+11.2%
4 $350.5K$290K
-17.3%
5+ $381K$369.7K
-3.0%

Summary: Sparta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 3%.

Housing Supply in Sparta, WI

How many homes are available in Sparta, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5748-15.8%

Summary: The Sparta real estate market had 48 homes for sale in October 2024, a 15.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 69
+50.0%
3 2420
-16.7%
4 1611
-31.3%
5+ 108
-20.0%

Summary: The Sparta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2313-43.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparta, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Sparta in October 2024, down by 43.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.

Days on Market for Sparta, 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 Sparta, WI

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