Is 53220, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53220 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 53220 has remained a Seller's Market.

Key Takeaway

53220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53220, WI

How much do homes in 53220, WI cost?

Median Sold Price

$259,500

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,500(+8.1%)

Key Takeaway

Homes in 53220 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 53220 was $259,500 in March 2024, up 8.1% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $137.5K$129.9K
-5.5%
2 $182K$195K
+7.1%
3 $251.2K$275K
+9.5%
4 $265K$305K
+15.1%
5+ $340K$271.5K
-20.1%

Summary: 53220 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 20.1%.

Median Sold Price Compared To Nearby Zip Codes

53228
+14.8%
53221
+13.1%
53219
+9.4%
53220
+8.1%
53129
+6.9%

Housing Supply in 53220, WI

How many homes are available in 53220, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2627+3.8%

Summary: The 53220 real estate market had 27 homes for sale in March 2024, a 3.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 96
-33.3%
3 1314
+7.7%
4 24
+100.0%
5+ 00
0.0%

Summary: The 53220 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53220, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 53220 in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for 53220, 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 53220, WI

Nearby Markets to 53220, WI