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 March 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

$469,900

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,900(+5.1%)

Key Takeaway

Homes in Cedarburg have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Cedarburg was $469,900 in March 2024, up 5.1% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $230K-
N/A
2 $250K$279.9K
+12.0%
3 $415K$414K
-0.2%
4 $529.6K$565K
+6.7%
5+ $759.9K$725K
-4.6%

Summary: Cedarburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Mequon
+23.2%
Cedarburg
+5.1%
Grafton
+4.6%

Housing Supply in Cedarburg, WI

How many homes are available in Cedarburg, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2832+14.3%

Summary: The Cedarburg real estate market had 32 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 911
+22.2%
4 1213
+8.3%
5+ 33
0.0%

Summary: The Cedarburg 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 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarburg, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Cedarburg in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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 24 Days Ago

Newest Listings in Cedarburg, WI

Nearby Markets to Cedarburg, WI

What housing markets are near Cedarburg, WI?