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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tomah is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tomah was a Seller's Market.

Key Takeaway

Tomah is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Tomah, WI

How much do homes in Tomah, WI cost?

Median Sold Price

$240,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+6.7%)

Key Takeaway

Homes in Tomah have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Tomah was $240,000 in November 2024, up 6.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$95K
+137.5%
2 $152.5K$175.5K
+15.1%
3 $225.2K$240K
+6.5%
4 $289K$272.5K
-5.7%
5+ $429K$452K
+5.4%

Summary: Tomah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.5%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 5.4%.

Housing Supply in Tomah, WI

How many homes are available in Tomah, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4843-10.4%

Summary: The Tomah real estate market had 43 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 98
-11.1%
3 1919
0.0%
4 1813
-27.8%
5+ 01
+100.0%

Summary: The Tomah 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 remained the same, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tomah, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Tomah in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Tomah, 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 Tomah, WI

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