Is 53118, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 53118 has remained a Seller's Market.
Key Takeaway
53118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 53118, WI
How much do homes in 53118, WI cost?
Median Sold Price
$538,100
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 53118 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 53118 was $538,100 in April 2024, up 11.8% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $352.5K | $325K | -7.8% |
| 3 Bedrooms | $392.4K | $499.9K | +27.4% |
| 4 Bedrooms | $592.9K | $605K | +2.0% |
| 5+ Bedrooms | $542K | $830K | +53.1% |
Summary: 53118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Zip Codes
| 53119 | $410K | $490K | +19.5% |
| 53118 | $481.5K | $538.1K | +11.8% |
| 53153 | $413K | $453.5K | +9.8% |
| 53178 | $340K | $370K | +8.8% |
Housing Supply in 53118, WI
How many homes are available in 53118, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The 53118 real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 53118 housing inventory by bedroom type for April 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 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 53118, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 53118 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 53118, WI
We’re sorry, we don't have information for this market at the moment
