Is 54888, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 54888 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 54888 has remained a Seller's Market.

Key Takeaway

54888 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 54888, WI

How much do homes in 54888, WI cost?

Median Sold Price

$217,500

$161/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$32,500(-13.0%)

Key Takeaway

Homes in 54888 have sold for 13% less than they did a month ago.

Summary: The median home sold price in 54888 was $217,500 in February 2024, down 13% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $250K$282.5K
+13.0%
4 --
N/A
5+ --
N/A

Summary: 54888 housing prices by bedroom type for February 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 increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

54888
-13.0%
54801
-24.0%
54859
-78.1%

Housing Supply in 54888, WI

How many homes are available in 54888, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98-11.1%

Summary: The 54888 real estate market had 8 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 52
-60.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The 54888 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 increased by 33.3%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 54888, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 54888 in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 54888, WI

How long does it take to sell a home in 54888, WI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 54888 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 54888; 25% of homes were sold within 30 days, 0% 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 54888, WI

Nearby Markets to 54888, WI