Is Ellsworth, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellsworth is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Ellsworth was a Buyer's Market.

Key Takeaway

Ellsworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ellsworth, WI

How much do homes in Ellsworth, WI cost?

Median Sold Price

$295,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$25,000(+9.3%)

Key Takeaway

Homes in Ellsworth have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Ellsworth was $295,000 in March 2024, up 9.3% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $105K$140K
+33.3%
2 $230K$259.5K
+12.8%
3 $268K$279K
+4.1%
4 $305K$455K
+49.2%
5+ $317.5K$435K
+37.0%

Summary: Ellsworth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes increased by 37%.

Housing Supply in Ellsworth, WI

How many homes are available in Ellsworth, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3643+19.4%

Summary: The Ellsworth real estate market had 43 homes for sale in March 2024, a 19.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2325
+8.7%
4 1316
+23.1%
5+ 02
+100.0%

Summary: The Ellsworth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellsworth, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Ellsworth in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Ellsworth, WI

How long does it take to sell a home in Ellsworth, WI?

Average Sale Time

Mar 2023Mar 2024CHANGE
188 Days30 Days-84.0%

Summary: Homes in Ellsworth had an average of 30 days on market in Mar 2024, down by 84% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ellsworth are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 8 homes were sold in Ellsworth; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Ellsworth, WI

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