Is 53511, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53511 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 53511 has remained a Seller's Market.

Key Takeaway

53511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53511, WI

How much do homes in 53511, WI cost?

Median Sold Price

$166,000

$121/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$6,450(-3.7%)

Key Takeaway

Homes in 53511 have sold for 3.7% less than they did a month ago.

Summary: The median home sold price in 53511 was $166,000 in February 2024, down 3.7% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 -$77K
N/A
2 $160.2K$144.5K
-9.8%
3 $192K$149.9K
-21.9%
4 $168.5K$189K
+12.2%
5+ $293.7K$290K
-1.3%

Summary: 53511 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

53548
+15.7%
53511
-3.7%

Housing Supply in 53511, WI

How many homes are available in 53511, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
159156-1.9%

Summary: The 53511 real estate market had 156 homes for sale in February 2024, a 1.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 3536
+2.9%
3 8482
-2.4%
4 3026
-13.3%
5+ 89
+12.5%

Summary: The 53511 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3839+2.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53511, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 53511 in February 2024, up by 2.6% month-over-month. Of the 39 sold homes, 56% were sold under asking, 8% were sold at asking, and 36% were sold over asking.

Days on Market for 53511, 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 28 Days Ago

Newest Listings in 53511, WI

Nearby Markets to 53511, WI