$127,900
0.82 Acres
Land
#1898104, Paul Liebe, Listing Office: Lake Country Flat Fee
Is Vernon, 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, Vernon has remained a Seller's Market.
Key Takeaway
Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vernon, WI
How much do homes in Vernon, WI cost?
Median Sold Price
$475,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+5.6%)
Key Takeaway
Homes in Vernon have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Vernon was $475,000 in November 2024, up 5.6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $565K | N/A |
| 3 Bedrooms | $425K | $475K | +11.8% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $800.7K | $502.5K | -37.2% |
Summary: Vernon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 37.2%.
Median Sold Price Compared To Nearby Cities
| Big Bend | $400K | $461K | +15.3% |
| Mukwonago | $444K | $470K | +5.9% |
| Vernon | $450K | $475K | +5.6% |
| New Berlin | $390K | $410K | +5.1% |
| Muskego | $450K | $470K | +4.4% |
Housing Supply in Vernon, WI
How many homes are available in Vernon, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Vernon real estate market had 14 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Vernon 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Vernon in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Vernon, WI
We’re sorry, we don't have information for this market at the moment
