$463 Closing Credit*
$39,000
980 SqFt
2 Beds
•1 Full Bath
#1987767, Cindy Gerke-Edwards, Listing Office: Cindy Gerke & Associates, Inc. REALTORS
Is West Salem, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Salem was a Seller's Market.
Key Takeaway
West Salem 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 West Salem, WI
How much do homes in West Salem, WI cost?
Median Sold Price
$362,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+11.2%)
Key Takeaway
Homes in West Salem have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in West Salem was $362,500 in November 2024, up 11.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $899K | $230.2K | -74.4% |
| 3 Bedrooms | $282K | $359.9K | +27.6% |
| 4 Bedrooms | $346.2K | $374.9K | +8.3% |
| 5+ Bedrooms | $378K | $641.2K | +69.6% |
Summary: West Salem 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 decreased by 74.4%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 69.6%.
Housing Supply in West Salem, WI
How many homes are available in West Salem, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The West Salem real estate market had 13 homes for sale in November 2024, a 30.0% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The West Salem 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Salem, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Salem in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% 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
