Is Sun Prairie, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun Prairie is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Sun Prairie, WI

How much do homes in Sun Prairie, WI cost?

Median Sold Price

$435,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,030(+7.4%)

Key Takeaway

Homes in Sun Prairie have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Sun Prairie was $435,000 in November 2024, up 7.4% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K$177K
-11.5%
2 $297K$297K
0.0%
3 $385K$412.5K
+7.1%
4 $490.6K$515K
+5.0%
5+ $615K$615K
0.0%

Summary: Sun Prairie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bristol
+11.9%
Windsor
+10.6%
De Forest
+9.0%
Sun Prairie
+7.4%

Housing Supply in Sun Prairie, WI

How many homes are available in Sun Prairie, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153133-13.1%

Summary: The Sun Prairie real estate market had 133 homes for sale in November 2024, a 13.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1816
-11.1%
3 6561
-6.2%
4 6049
-18.3%
5+ 107
-30.0%

Summary: The Sun Prairie 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 11.1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4430-31.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun Prairie, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Sun Prairie in November 2024, down by 31.8% month-over-month. Of the 30 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Sun Prairie, 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 Sun Prairie, WI

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