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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tomah is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Tomah, WI

How much do homes in Tomah, WI cost?

Median Sold Price

$240,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, up 6.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $40K$95K
+137.5%
2 $149.9K$176K
+17.4%
3 $225.5K$239K
+6.0%
4 $275K$287.4K
+4.5%
5+ $429K$452K
+5.4%

Summary: Tomah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4.5%, 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

Sep 2024Oct 2024CHANGE
5549-10.9%

Summary: The Tomah real estate market had 49 homes for sale in October 2024, a 10.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 79
+28.6%
3 2218
-18.2%
4 2620
-23.1%
5+ 00
0.0%

Summary: The Tomah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tomah, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Tomah in October 2024, down by 23.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% 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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