Is Spooner, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spooner was a Seller's Market.
Key Takeaway
Spooner 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 Spooner, WI
How much do homes in Spooner, WI cost?
Median Sold Price
$310,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spooner have sold for 2% more than they did a year ago.
Summary: The median home sold price in Spooner was $310,000 in April 2024, up 2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $249.7K | +72.2% |
| 2 Bedrooms | $195.7K | $310K | +58.4% |
| 3 Bedrooms | $304.5K | $257.7K | -15.3% |
| 4 Bedrooms | $475K | $375K | -21.1% |
| 5+ Bedrooms | - | $432.5K | N/A |
Summary: Spooner housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 58.4%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes did not change.
Housing Supply in Spooner, WI
How many homes are available in Spooner, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 48 | +45.5% |
Summary: The Spooner real estate market had 48 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Spooner housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spooner, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Spooner in April 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Spooner, WI
How long does it take to sell a home in Spooner, WI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 5 Days | -93.7% |
Summary: Homes in Spooner had an average of 5 days on market in Apr 2024, down by 93.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spooner are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Spooner; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
