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.

How much do homes in Janesville, WI cost?

Median Sold Price

$225,000

$145/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$30,000(+15.4%)

Key Takeaway

Homes in Janesville have sold for 15.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 $80K$180K
+125.0%
2 $139.9K$193K
+38.0%
3 $190K$243.8K
+28.3%
4 $265K$237.5K
-10.4%
5+ $610K$254.5K
-58.3%

Median Sold Price Compared To Nearby Cities

Janesville
+15.4%
Harmony
+6.3%

How many homes are available in Janesville, WI?

Number of Homes For Sale

Mar 2022Apr 2022%
181212+17.1%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 32
-33.3%
2 4149
+19.5%
3 94107
+13.8%
4 3544
+25.7%
5+ 810
+25.0%

Number of Homes Sold

Mar 2022Apr 2022%
4863+31.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

46 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. 73% of homes here sold above asking price last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Janesville, WI

There are 212 homes are for sale in Janesville, WI real estate market. The inventory of homes for sale in Janesville, WI between March 2022 and April 2022 increased by 17.1%. While the average time on the market in April 2022 was 4 days, the median list price was $225,000. From April 2021 through April 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 125%, prices of 2 bedrooms properties increased by 38%, the cost of 3 bedrooms properties went up by 28.3%, the cost of 4 bedrooms properties went down by 10.4%, prices of 5 bedrooms properties decreased by 58.3%. Housing inventory have changed in this real estate market: 1 bedroom homes became 33.3% less available, 2 bedrooms homes inventory increased by 19.5%, the quantity of 3 bedrooms homes went up by 13.8%, the quantity of 4 bedrooms homes went up by 25.7%, number of 5 bedrooms homes increased by 25%. In April 2022 more than 46 listings in Janesville, WI were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 6 were sold below.