Is Algoma, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Algoma was a Seller's Market.
Key Takeaway
Algoma is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Algoma, WI
How much do homes in Algoma, WI cost?
Median Sold Price
$325,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Algoma have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Algoma was $325,000 in March 2024, up 3.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.4K | $199K | +3.4% |
| 2 Bedrooms | $254K | $265K | +4.3% |
| 3 Bedrooms | $272.5K | $314K | +15.2% |
| 4 Bedrooms | $390K | $391.2K | 0.3% |
| 5+ Bedrooms | $530K | $445K | -16.0% |
Summary: Algoma housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
| Oshkosh | $201.2K | $230.4K | +14.5% |
| Algoma | $314K | $325K | +3.5% |
Housing Supply in Algoma, WI
How many homes are available in Algoma, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Algoma real estate market had 26 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Algoma 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algoma, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Algoma in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Algoma, WI
We’re sorry, we don't have information for this market at the moment
