Is 53207, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53207 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 53207 has remained a Seller's Market.

Key Takeaway

53207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53207, WI

How much do homes in 53207, WI cost?

Median Sold Price

$271,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,187(+5.5%)

Key Takeaway

Homes in 53207 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 53207 was $271,000 in March 2024, up 5.5% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $199.9K$172.5K
-13.7%
2 $220K$232.5K
+5.7%
3 $275K$290.5K
+5.6%
4 $283.5K$327.5K
+15.5%
5+ $375K$412K
+9.9%

Summary: 53207 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

53235
+8.9%
53207
+5.5%
53215
+2.8%
53110
+0.7%
53204
-24.8%

Housing Supply in 53207, WI

How many homes are available in 53207, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6068+13.3%

Summary: The 53207 real estate market had 68 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1615
-6.3%
3 3132
+3.2%
4 914
+55.6%
5+ 13
+200.0%

Summary: The 53207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1825+38.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53207, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 53207 in March 2024, up by 38.9% month-over-month. Of the 25 sold homes, 32% were sold under asking, 8% were sold at asking, and 60% were sold over asking.

Days on Market for 53207, 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 22 Days Ago

Newest Listings in 53207, WI

Nearby Markets to 53207, WI