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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McFarland is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, McFarland was a Seller's Market.

Key Takeaway

McFarland 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 McFarland, WI

How much do homes in McFarland, WI cost?

Median Sold Price

$525,000

$197/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$13,160(-2.4%)

Key Takeaway

Homes in McFarland have sold for 2.4% less than they did a month ago.

Summary: The median home sold price in McFarland was $525,000 in August 2024, down 2.4% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $580K-
N/A
3 $538.1K$517.7K
-3.8%
4 $476.5K$523.2K
+9.8%
5+ $576K$832.5K
+44.5%

Summary: McFarland housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 44.5%.

Median Sold Price Compared To Nearby Cities

Blooming Grove
+7.1%
Mc Farland
-1.0%
McFarland
-2.4%
Dunn
-23.9%

Housing Supply in McFarland, WI

How many homes are available in McFarland, WI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
5462+14.8%

Summary: The McFarland real estate market had 62 homes for sale in August 2024, a 14.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 2623
-11.5%
4 2028
+40.0%
5+ 45
+25.0%

Summary: The McFarland housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McFarland, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in McFarland in August 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for McFarland, 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 18 Days Ago

Newest Listings in McFarland, WI

Nearby Markets to McFarland, WI

What housing markets are near McFarland, WI?