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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedarburg is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Cedarburg, WI

How much do homes in Cedarburg, WI cost?

Median Sold Price

$470,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,750(+4.9%)

Key Takeaway

Homes in Cedarburg have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Cedarburg was $470,000 in February 2024, up 4.9% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $230K-
N/A
2 $251.7K$279.9K
+11.2%
3 $408K$422K
+3.4%
4 $548.6K$578K
+5.4%
5+ $693.9K$725K
+4.5%

Summary: Cedarburg housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Cities

Mequon
+26.9%
Cedarburg
+4.9%
Grafton
0.0%

Housing Supply in Cedarburg, WI

How many homes are available in Cedarburg, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3428-17.6%

Summary: The Cedarburg real estate market had 28 homes for sale in February 2024, a 17.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1310
-23.1%
4 1211
-8.3%
5+ 43
-25.0%

Summary: The Cedarburg 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 decreased by 20%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarburg, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Cedarburg in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Cedarburg, 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 28 Days Ago

Newest Listings in Cedarburg, WI

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