Is 54023, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54023 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 54023 was a Seller's Market.

Key Takeaway

54023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 54023, WI

How much do homes in 54023, WI cost?

Median Sold Price

$365,500

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,750(+9.5%)

Key Takeaway

Homes in 54023 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 54023 was $365,500 in March 2024, up 9.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $155K-
N/A
2 $237.5K$245K
+3.2%
3 $324.9K$335K
+3.1%
4 $372K$390K
+4.8%
5+ $346K$497.5K
+43.8%

Summary: 54023 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 43.8%.

Median Sold Price Compared To Nearby Zip Codes

54022
+11.9%
54023
+9.5%
54015
+4.2%
54017
+3.7%
54016
+1.1%

Housing Supply in 54023, WI

How many homes are available in 54023, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3230-6.3%

Summary: The 54023 real estate market had 30 homes for sale in March 2024, a 6.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1315
+15.4%
4 109
-10.0%
5+ 64
-33.3%

Summary: The 54023 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54023, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 54023 in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 54023, WI

How long does it take to sell a home in 54023, WI?

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days75 Days+36.9%

Summary: Homes in 54023 had an average of 75 days on market in Mar 2024, up by 36.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 54023 has remained consistent over time.

Summary: During March 2024, 2 homes were sold in 54023; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 54023, WI

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