Is 53718, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 53718 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 53718 has remained a Seller's Market.

Key Takeaway

53718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 53718, WI

How much do homes in 53718, WI cost?

Median Sold Price

$389,900

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$129,900(+50.0%)

Key Takeaway

Homes in 53718 have sold for 50% more than they did a year ago.

Summary: The median home sold price in 53718 was $389,900 in March 2024, up 50% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $172K$192K
+11.6%
2 $232.5K$253.5K
+9.0%
3 $328.2K$396.7K
+20.9%
4 $400K$470K
+17.5%
5+ -$514.6K
N/A

Summary: 53718 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

53718
+50.0%
53704
+43.4%

Housing Supply in 53718, WI

How many homes are available in 53718, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7885+9.0%

Summary: The 53718 real estate market had 85 homes for sale in March 2024, a 9.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 914
+55.6%
3 4446
+4.5%
4 2224
+9.1%
5+ 11
0.0%

Summary: The 53718 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1523+53.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 53718, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 53718 in March 2024, up by 53.3% month-over-month. Of the 23 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% were sold over asking.

Days on Market for 53718, 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 18 Days Ago

Newest Listings in 53718, WI

Nearby Markets to 53718, WI