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 March 2023

At the same time last year, Janesville was a Neutral Market.

Key Takeaway

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

Housing Prices in Janesville, WI

How much do homes in Janesville, WI cost?

Median Sold Price

$258,604

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$33,604(+14.9%)

Key Takeaway

Homes in Janesville have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Janesville was $258,604 in March 2024, up 14.9% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $98.2K$110K
+12.0%
2 $199.7K$204K
+2.2%
3 $258.4K$262.7K
+1.6%
4 $352.4K$345K
-2.1%
5+ $984.9K$315.5K
-68.0%

Summary: Janesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 68%.

Housing Supply in Janesville, WI

How many homes are available in Janesville, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
189198+4.8%

Summary: The Janesville real estate market had 198 homes for sale in March 2024, a 4.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 3534
-2.9%
3 101107
+5.9%
4 4246
+9.5%
5+ 87
-12.5%

Summary: The Janesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5255+5.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

25 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. 45.5% of homes here sold above asking price last month.

Summary: A total of 55 homes were sold or pending in Janesville in March 2024, up by 5.8% month-over-month. Of the 55 sold homes, 29% were sold under asking, 25% were sold at asking, and 45% were sold over asking.

Days on Market for Janesville, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 22 Days Ago

Newest Listings in Janesville, WI

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