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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Janesville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Janesville has remained a Seller's Market.

Key Takeaway

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

Housing Prices

How much do homes in Janesville, WI cost?

Median Sold Price

$267,750

$145/sqft

Based on all homes sold in August 2023.

Difference Since Last Month

+$15,250(+6.0%)

Key Takeaway

Homes in Janesville have sold for 6% more than they did a month ago.

Summary: The median home sold price in Janesville was $267,750 in August 2023, up 6% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 $82.5K-
N/A
2 $212.5K$216.8K
+2.1%
3 $245K$260K
+6.1%
4 $394.5K$350K
-11.3%
5+ $265K$245K
-7.5%

Summary: Janesville housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Cities

Janesville
+6.0%
Harmony
-6.7%
La Prairie
-20.7%
Rock
-23.5%

Housing Supply

How many homes are available in Janesville, WI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
2642640.0%

Summary: The Janesville real estate market had 264 homes for sale in August 2023, the same as July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 32
-33.3%
2 4244
+4.8%
3 150153
+2.0%
4 6160
-1.6%
5+ 85
-37.5%

Summary: The Janesville housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
9078-13.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Janesville, you could pay more than the asking price. 64.1% of homes here sold above asking price last month.

Summary: A total of 78 homes were sold or pending in Janesville in August 2023, down by 13.3% month-over-month. Of the 78 sold homes, 21% were sold under asking, 15% were sold at asking, and 64% were sold over asking.

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

Report Updated 24 Days Ago

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