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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Salem is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, West Salem was a Seller's Market.

Key Takeaway

West Salem is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Salem, WI

How much do homes in West Salem, WI cost?

Median Sold Price

$359,900

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,900(+10.7%)

Key Takeaway

Homes in West Salem have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in West Salem was $359,900 in October 2024, up 10.7% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $899K$230.2K
-74.4%
3 $268.7K$355K
+32.1%
4 $368.7K$377.5K
+2.4%
5+ $377.5K$641.2K
+69.9%

Summary: West Salem 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 decreased by 74.4%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 69.9%.

Housing Supply in West Salem, WI

How many homes are available in West Salem, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The West Salem real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 36
+100.0%
5+ 32
-33.3%

Summary: The West Salem 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 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 West Salem, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in West Salem in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for West Salem, 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 16 Days Ago

Newest Listings in West Salem, WI

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