Is Chippewa County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chippewa County has remained a Seller's Market.
Key Takeaway
Chippewa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Chippewa County, WI cost?
Median Sold Price
$318,500
$174/sqft
Based on all homes sold in September 2023.
Difference Since Last Month
Key Takeaway
Homes in Chippewa County have sold for 2% less than they did a month ago.
Summary: The median home sold price in Chippewa County was $318,500 in September 2023, down 2% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64K | $215K | +235.9% |
| 2 Bedrooms | $197K | $245K | +24.4% |
| 3 Bedrooms | $331.9K | $331K | -0.3% |
| 4 Bedrooms | $430K | $369.2K | -14.1% |
| 5+ Bedrooms | $557.5K | $370K | -33.6% |
Summary: Chippewa County housing prices by bedroom type for September 2023 compared to the previous month: The home price of 1 bedroom homes increased by 235.9%, 2 bedroom homes increased by 24.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Counties
| Clark County | $175K | $199K | +13.7% |
| Chippewa County | $325K | $318.5K | -2.0% |
| Eau Claire County | $315K | $290K | -7.9% |
| Rusk County | $212K | $171.9K | -18.9% |
Housing Supply
How many homes are available in Chippewa County, WI?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 285 | 265 | -7.0% |
Summary: The Chippewa County real estate market had 265 homes for sale in September 2023, a 7.0% decrease compared to August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 54 | 48 | -11.1% |
| 3 Bedrooms | 123 | 114 | -7.3% |
| 4 Bedrooms | 75 | 70 | -6.7% |
| 5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The Chippewa County housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 82 | 70 | -14.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa County, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in Chippewa County in September 2023, down by 14.6% month-over-month. Of the 70 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market
How long does it take to sell a home in Chippewa County, WI?
Average Sale Time
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 51 Days | 25 Days | -51.3% |
Summary: Homes in Chippewa County had an average of 25 days on market in Sep 2023, down by 51.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa County are selling fast, if you're buying plan to act quickly.
Summary: During September 2023, 70 homes were sold in Chippewa County; 7% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. as distributed by MLS GRID.