$5,343 Closing Credit*
$449,900
#6117289, Jordan DeCaro, Listing Office: RE/MAX Results
Is Superior, 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, Superior has remained a Seller's Market.
Key Takeaway
Superior is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Superior, WI
How much do homes in Superior, WI cost?
Median Sold Price
$215,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+10.3%)
Key Takeaway
Homes in Superior have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Superior was $215,000 in November 2024, up 10.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $148K | +12.1% |
| 2 Bedrooms | $162.3K | $175K | +7.8% |
| 3 Bedrooms | $210K | $226K | +7.6% |
| 4 Bedrooms | $250K | $285K | +14.0% |
| 5+ Bedrooms | $265K | $330K | +24.5% |
Summary: Superior housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
| Duluth | $275K | $305.3K | +11.0% |
| Superior | $195K | $215K | +10.3% |
Housing Supply in Superior, WI
How many homes are available in Superior, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 92 | -16.4% |
Summary: The Superior real estate market had 92 homes for sale in November 2024, a 16.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 62 | 51 | -17.7% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Superior housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Superior, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Superior in November 2024, down by 19.4% month-over-month. Of the 26 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Superior, WI
How long does it take to sell a home in Superior, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +5.3% |
Summary: Homes in Superior had an average of 25 days on market in Nov 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Superior are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Superior; 14% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
