March 2024

54848 Housing Market Report Ladysmith, Rusk County, Wisconsin

Report Updated 24 Days Ago

Is 54848, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since Last Month

Last month, 54848 was a Seller's Market.

Key Takeaway

54848 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 54848, WI

How much do homes in 54848, WI cost?

Median Sold Price

$135,000

$100/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$142,000(-51.3%)

Key Takeaway

Homes in 54848 have sold for 51.3% less than they did a month ago.

Summary: The median home sold price in 54848 was $135,000 in March 2024, down 51.3% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	-	$78K	N/A
2 Bedrooms	-	-	N/A
3 Bedrooms	$277K	$135K	-51.3%
4 Bedrooms	-	-	N/A
5+ Bedrooms	-	$275K	N/A

Summary: 54848 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 51.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

ZIP	Feb 2024	Mar 2024	CHANGE
54819	$370K	$385K	+4.1%
54848	$277K	$135K	-51.3%

Housing Supply in 54848, WI

How many homes are available in 54848, WI?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
26	28	+7.7%

Summary: The 54848 real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	2	2	0.0%
2 Bedrooms	2	6	+200.0%
3 Bedrooms	17	14	-17.6%
4 Bedrooms	1	2	+100.0%
5+ Bedrooms	4	4	0.0%

Summary: The 54848 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 increased by 200%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024	Mar 2024	CHANGE
5	3	-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in 54848, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 54848 in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 54848, 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 24 Days Ago

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Newest Listings in 54848, WI

What homes are available in 54848, WI?

See More Listings

$142,500

$1,692 Closing Credit

1,232 SqFt

1401 W Agnes Ave, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581360

$219,900

$2,611 Closing Credit

2,260 SqFt

811 E 5th St, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581317

$74,900

$889 Closing Credit

830 SqFt

216 Lindoo Ave, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581353

$19,900

Land

1.48 Acres

000 E 10th N, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581079

$22,000

Land

0.43 Acres

000 Fairway Dr W, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581076

$19,000

Land

0.19 Acres

1405 Aspen Cv, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581075

$15,000

Land

0.20 Acres

301 E 15th St, Ladysmith WI, 54848

Brian Reynolds

Listing Office:

Weisenberger Realty LLC

#1581052

Virtual Tour

$59,900

Land

1.35 Acres

W8838 Timber Trl, Flambeau WI, 54848

Kayne Brenner

Listing Office:

Brenner Realty, LLC

#1580604

$174,900

$2,077 Closing Credit

1,312 SqFt

417 Lake Ave, Ladysmith WI, 54848

Miranda Tulip

Listing Office:

Property Shoppe Realty LLC

#1580605

$179,500

Land

242.17 Acres

0 Deerwood Dr, Dewey WI, 54848

Aaron Brunette

Listing Office:

AABRU Real Estate

#1580539

$129,000

$1,532 Closing Credit

980 SqFt

N5396 Thornapple Rd, Thornapple WI, 54848

Alison Kempen

Listing Office:

CB Northern Escape/Ladysmith

#1580533

$389,900

$4,630 Closing Credit

2,670 SqFt

405 Worden Ave, Ladysmith WI, 54848

Adam Kaiser

Listing Office:

Kaiser Realty Inc

#1579973

Nearby Markets to 54848, WI

MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 02/01/2024 - 04/01/2024

© 2024 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2024, 11:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2024, 11:22:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.