Is 53120, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53120 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 53120 was a Seller's Market.

Key Takeaway

53120 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 53120, WI

How much do homes in 53120, WI cost?

Median Sold Price

$374,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$2,000(-0.5%)

Key Takeaway

Homes in 53120 have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in 53120 was $374,500 in February 2024, down 0.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $215K-
N/A
2 $280K$270K
-3.6%
3 $370K$372K
0.5%
4 $432.5K$379.9K
-12.2%
5+ $415K$1.5M
+261.4%

Summary: 53120 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 261.4%.

Median Sold Price Compared To Nearby Zip Codes

53119
+19.5%
53121
+10.3%
53149
+9.5%
53120
-0.5%
53185
-1.0%

Housing Supply in 53120, WI

How many homes are available in 53120, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2333+43.5%

Summary: The 53120 real estate market had 33 homes for sale in February 2024, a 43.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1521
+40.0%
4 69
+50.0%
5+ 01
+100.0%

Summary: The 53120 housing inventory by bedroom type for February 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 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53120, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 53120 in February 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 53120, 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 27 Days Ago

Newest Listings in 53120, WI

Nearby Markets to 53120, WI