$3,147 Closing Credit*
$265,000
1,202 SqFt
2 Beds
•2 Full Baths
#22405459, TIMOTHY O'CONNOR, Listing Office: NEXTHOME PARTNERS
Is Wisconsin Rapids, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wisconsin Rapids has remained a Seller's Market.
Key Takeaway
Wisconsin Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wisconsin Rapids, WI
How much do homes in Wisconsin Rapids, WI cost?
Median Sold Price
$185,833
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,833(+11.9%)
Key Takeaway
Homes in Wisconsin Rapids have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Wisconsin Rapids was $185,833 in October 2024, up 11.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $97K | +29.3% |
| 2 Bedrooms | $120.3K | $140.3K | +16.6% |
| 3 Bedrooms | $167K | $190.6K | +14.2% |
| 4 Bedrooms | $230K | $260K | +13.0% |
| 5+ Bedrooms | $315K | $424K | +34.6% |
Summary: Wisconsin Rapids housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Wisconsin Rapids | $166K | $185.8K | +11.9% |
| Grand Rapids | $299.9K | $268K | -10.6% |
Housing Supply in Wisconsin Rapids, WI
How many homes are available in Wisconsin Rapids, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 131 | -0.8% |
Summary: The Wisconsin Rapids real estate market had 131 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 77 | 82 | +6.5% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wisconsin Rapids housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wisconsin Rapids, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Wisconsin Rapids in October 2024, up by 7.1% month-over-month. Of the 45 sold homes, 33% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Wisconsin Rapids, WI
We’re sorry, we don't have information for this market at the moment
