Is 53022, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53022 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 53022 has remained a Seller's Market.

Key Takeaway

53022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53022, WI

How much do homes in 53022, WI cost?

Median Sold Price

$403,833

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$39,083(+10.7%)

Key Takeaway

Homes in 53022 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 53022 was $403,833 in March 2024, up 10.7% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $126K$166.2K
+31.9%
2 $190K$206.2K
+8.6%
3 $362.7K$401K
+10.5%
4 $487K$540K
+10.9%
5+ $471.2K$550.7K
+16.9%

Summary: 53022 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Zip Codes

53037
+16.4%
53017
+14.8%
53051
+11.7%
53022
+10.7%

Housing Supply in 53022, WI

How many homes are available in 53022, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5359+11.3%

Summary: The 53022 real estate market had 59 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 2125
+19.0%
4 1515
0.0%
5+ 22
0.0%

Summary: The 53022 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53022, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 53022 in March 2024, up by 20.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.

Days on Market for 53022, 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 25 Days Ago

Newest Listings in 53022, WI

Nearby Markets to 53022, WI