Is Eau Claire, 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, Eau Claire was a Buyer's Market.
Key Takeaway
Eau Claire is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Eau Claire, WI
How much do homes in Eau Claire, WI cost?
Median Sold Price
$284,508
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eau Claire have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Eau Claire was $284,508 in March 2024, down 2.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $144.4K | N/A |
| 2 Bedrooms | $200K | $207.8K | +3.9% |
| 3 Bedrooms | $242.1K | $280.8K | +16.0% |
| 4 Bedrooms | $370K | $365K | -1.4% |
| 5+ Bedrooms | $481.6K | $502.9K | +4.4% |
Summary: Eau Claire 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 3.9%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Altoona | $262.5K | $305K | +16.2% |
| Eau Claire | $292K | $284.5K | -2.6% |
Housing Supply in Eau Claire, WI
How many homes are available in Eau Claire, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 225 | 270 | +20.0% |
Summary: The Eau Claire real estate market had 270 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 32 | 38 | +18.8% |
| 3 Bedrooms | 89 | 109 | +22.5% |
| 4 Bedrooms | 66 | 82 | +24.2% |
| 5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The Eau Claire housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eau Claire, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Eau Claire in March 2024, up by 10.0% month-over-month. Of the 44 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% were sold over asking.
Days on Market for Eau Claire, WI
How long does it take to sell a home in Eau Claire, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 78 Days | +46.7% |
Summary: Homes in Eau Claire had an average of 78 days on market in Mar 2024, up by 46.7% 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 Eau Claire are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in Eau Claire; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
