$380,000
13.40 Acres
Land
#1899658, Nicholas Wachal, Listing Office: RE/MAX Premier Properties
Is Vernon, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Vernon was a Buyer'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 October 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 October 2024, up 5.6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $565K | N/A |
| 3 Bedrooms | $420K | $468K | +11.4% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $841.5K | $500K | -40.6% |
Summary: Vernon housing prices by bedroom type for October 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 11.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 40.6%.
Median Sold Price Compared To Nearby Cities
| Big Bend | $381.5K | $460K | +20.6% |
| Vernon | $450K | $475K | +5.6% |
| New Berlin | $390.7K | $410.5K | +5.1% |
| Muskego | $450K | $459.9K | +2.2% |
| Mukwonago | $450K | $460K | +2.2% |
Housing Supply in Vernon, WI
How many homes are available in Vernon, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Vernon real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Vernon 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Vernon in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Vernon, WI
We’re sorry, we don't have information for this market at the moment
