Is 53711, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53711 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 53711 was a Buyer's Market.

Key Takeaway

53711 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53711, WI

How much do homes in 53711, WI cost?

Median Sold Price

$435,921

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$138,421(+46.5%)

Key Takeaway

Homes in 53711 have sold for 46.5% more than they did a year ago.

Summary: The median home sold price in 53711 was $435,921 in February 2024, up 46.5% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $187K$252.5K
+35.0%
2 $281K$335K
+19.2%
3 $300K$419.4K
+39.8%
4 $485K$560K
+15.5%
5+ $630.5K$686K
+8.8%

Summary: 53711 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 39.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

53711
+46.5%
53715
+41.2%

Housing Supply in 53711, WI

How many homes are available in 53711, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
104115+10.6%

Summary: The 53711 real estate market had 115 homes for sale in February 2024, a 10.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1713
-23.5%
3 5863
+8.6%
4 2230
+36.4%
5+ 68
+33.3%

Summary: The 53711 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 decreased by 23.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1933+73.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53711, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 53711 in February 2024, up by 73.7% month-over-month. Of the 33 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.

Days on Market for 53711, 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 53711, WI

Nearby Markets to 53711, WI