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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in West, WI

How much do homes in West, WI cost?

Median Sold Price

$196,950

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,950(+6.5%)

Key Takeaway

Homes in West have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in West was $196,950 in October 2024, up 6.5% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $71K$81.9K
+15.4%
2 $144.4K$138.6K
-4.0%
3 $194.4K$204.8K
+5.4%
4 $195K$220K
+12.8%
5+ $205.5K$248.5K
+20.9%

Summary: West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Neighborhoods

Kops Park
+16.3%
Cooper Park
+15.4%
West
+6.5%
Enderis Park
+5.8%

Housing Supply in West, WI

How many homes are available in West, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
326372+14.1%

Summary: The West real estate market had 372 homes for sale in October 2024, a 14.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 6073
+21.7%
3 183213
+16.4%
4 6568
+4.6%
5+ 1214
+16.7%

Summary: The West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
9880-18.4%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 80 homes were sold or pending in West in October 2024, down by 18.4% month-over-month. Of the 80 sold homes, 38% were sold under asking, 14% were sold at asking, and 49% were sold over asking.

Days on Market for West, 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 22 Days Ago

Newest Listings in West, WI

Nearby Markets to West, WI