Is Cedarburg, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$469,950
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cedarburg have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Cedarburg was $469,950 in June 2024, up 4.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269.2K | $287K | +6.6% |
| 3 Bedrooms | $425K | $438.3K | +3.1% |
| 4 Bedrooms | $565K | $550K | -2.7% |
| 5+ Bedrooms | $835K | $699.9K | -16.2% |
Summary: Cedarburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in Cedarburg, WI
How many homes are available in Cedarburg, WI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Cedarburg real estate market had 58 homes for sale in June 2024, a 5.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cedarburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
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 21 homes were sold or pending in Cedarburg in June 2024, up by 10.5% month-over-month. Of the 21 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
