Is 54241, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54241 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 54241 has remained a Seller's Market.

Key Takeaway

54241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54241, WI

How much do homes in 54241, WI cost?

Median Sold Price

$165,358

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,358(+6.7%)

Key Takeaway

Homes in 54241 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 54241 was $165,358 in April 2024, up 6.7% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $70K$109.9K
+57.1%
2 $120K$145K
+20.8%
3 $164K$172.2K
+5.0%
4 $199K$270K
+35.7%
5+ $177.5K$231K
+30.1%

Summary: 54241 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 30.1%.

Median Sold Price Compared To Nearby Zip Codes

54241
+6.7%
54228
+5.8%
54220
+5.3%

Housing Supply in 54241, WI

How many homes are available in 54241, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4753+12.8%

Summary: The 54241 real estate market had 53 homes for sale in April 2024, a 12.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 1113
+18.2%
3 2426
+8.3%
4 912
+33.3%
5+ 11
0.0%

Summary: The 54241 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1215+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54241, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 54241 in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.

Days on Market for 54241, 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 3 Days Ago

Newest Listings in 54241, WI

Nearby Markets to 54241, WI