Is Chippewa Falls, 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, Chippewa Falls was a Neutral Market.
Key Takeaway
Chippewa Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chippewa Falls, WI
How much do homes in Chippewa Falls, WI cost?
Median Sold Price
$300,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chippewa Falls have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Chippewa Falls was $300,000 in March 2024, down 11.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.5K | N/A |
| 2 Bedrooms | $286.8K | $201.5K | -29.8% |
| 3 Bedrooms | $310K | $294.5K | -5.0% |
| 4 Bedrooms | $395K | $399.9K | +1.2% |
| 5+ Bedrooms | $559.9K | $395K | -29.5% |
Summary: Chippewa Falls 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 decreased by 29.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Lafayette | $369K | $431.2K | +16.9% |
| Eagle Point | $447.5K | $441.5K | -1.3% |
| Lake Hallie | $359.7K | $350K | -2.7% |
| Chippewa Falls | $339K | $300K | -11.5% |
Housing Supply in Chippewa Falls, WI
How many homes are available in Chippewa Falls, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 129 | +19.4% |
Summary: The Chippewa Falls real estate market had 129 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 43 | 51 | +18.6% |
| 4 Bedrooms | 29 | 38 | +31.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Chippewa Falls 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 increased by 5.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Falls, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Chippewa Falls in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Chippewa Falls, WI
How long does it take to sell a home in Chippewa Falls, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 86 Days | +33.1% |
Summary: Homes in Chippewa Falls had an average of 86 days on market in Mar 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Chippewa Falls; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
