Is Chetek, 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, Chetek was a Buyer's Market.
Key Takeaway
Chetek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chetek, WI
How much do homes in Chetek, WI cost?
Median Sold Price
$270,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chetek have sold for 10% less than they did a year ago.
Summary: The median home sold price in Chetek was $270,000 in March 2024, down 10% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $160.6K | +1.6% |
| 2 Bedrooms | $258K | $251.1K | -2.7% |
| 3 Bedrooms | $232.5K | $294.9K | +26.8% |
| 4 Bedrooms | $399.9K | $267.8K | -33.0% |
| 5+ Bedrooms | - | $667K | N/A |
Summary: Chetek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 33%, and 5+ bedroom homes did not change.
Housing Supply in Chetek, WI
How many homes are available in Chetek, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Chetek real estate market had 30 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chetek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chetek, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Chetek in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chetek, WI
How long does it take to sell a home in Chetek, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1,918 Days | 32 Days | -98.3% |
Summary: Homes in Chetek had an average of 32 days on market in Mar 2024, down by 98.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chetek has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Chetek; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
