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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tomahawk is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tomahawk has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tomahawk, WI

How much do homes in Tomahawk, WI cost?

Median Sold Price

$675,000

$231/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$300,000(+80.0%)

Key Takeaway

Homes in Tomahawk have sold for 80% more than they did a month ago.

Summary: The median home sold price in Tomahawk was $675,000 in November 2024, up 80% from last month, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $380K-
N/A
3 $350K$289K
-17.4%
4 -$707.5K
N/A
5+ --
N/A

Summary: Tomahawk 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 decreased by 17.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tomahawk, WI

How many homes are available in Tomahawk, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2417-29.2%

Summary: The Tomahawk real estate market had 17 homes for sale in November 2024, a 29.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 63
-50.0%
3 128
-33.3%
4 44
0.0%
5+ 11
0.0%

Summary: The Tomahawk 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tomahawk, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Tomahawk in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Tomahawk, 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 21 Days Ago

Newest Listings in Tomahawk, WI

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