Is Cottage Grove, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cottage Grove has remained a Seller's Market.
Key Takeaway
Cottage Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottage Grove, WI
How much do homes in Cottage Grove, WI cost?
Median Sold Price
$415,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cottage Grove have sold for 35.9% more than they did a year ago.
Summary: The median home sold price in Cottage Grove was $415,000 in March 2024, up 35.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $218K | +1.4% |
| 2 Bedrooms | $261.6K | $298K | +13.9% |
| 3 Bedrooms | $341K | $402K | +17.9% |
| 4 Bedrooms | $435K | $454.5K | +4.5% |
| 5+ Bedrooms | $590K | $780K | +32.2% |
Summary: Cottage Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 32.2%.
Housing Supply in Cottage Grove, WI
How many homes are available in Cottage Grove, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Cottage Grove real estate market had 25 homes for sale in March 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cottage Grove 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cottage Grove in March 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cottage Grove, WI
We’re sorry, we don't have information for this market at the moment
