Is Spring Brook, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Brook is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Spring Brook was a Buyer's Market.

Key Takeaway

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

Housing Prices in Spring Brook, WI

How much do homes in Spring Brook, WI cost?

Median Sold Price

$410,000

$155/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$144,900(-26.1%)

Key Takeaway

Homes in Spring Brook have sold for 26.1% less than they did a month ago.

Summary: The median home sold price in Spring Brook was $410,000 in November 2024, down 26.1% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$475K
N/A
4 $554.9K$350K
-36.9%
5+ -$371K
N/A

Summary: Spring Brook 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 36.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union
+56.7%
Spring Brook
-26.1%

Housing Supply in Spring Brook, WI

How many homes are available in Spring Brook, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Spring Brook real estate market had 8 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 00
0.0%
3 55
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The Spring Brook 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Brook, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Spring Brook in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Brook, WI

How long does it take to sell a home in Spring Brook, WI?

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Brook are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Spring Brook; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 Spring Brook, WI

Nearby Markets to Spring Brook, WI

What housing markets are near Spring Brook, WI?