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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tomahawk is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Tomahawk was a Buyer's Market.

Key Takeaway

Tomahawk 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 Tomahawk, WI

How much do homes in Tomahawk, WI cost?

Median Sold Price

$381,450

$229/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$56,450(+17.4%)

Key Takeaway

Homes in Tomahawk have sold for 17.4% more than they did a month ago.

Summary: The median home sold price in Tomahawk was $381,450 in October 2024, up 17.4% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $140K$385.7K
+175.5%
3 $510K$381.4K
-25.2%
4 --
N/A
5+ --
N/A

Summary: Tomahawk housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 175.5%, 3 bedroom homes decreased by 25.2%, 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

Sep 2024Oct 2024CHANGE
2426+8.3%

Summary: The Tomahawk real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 67
+16.7%
3 1111
0.0%
4 45
+25.0%
5+ 11
0.0%

Summary: The Tomahawk housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Tomahawk in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 20 Days Ago

Newest Listings in Tomahawk, WI

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