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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Menomonie is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Menomonie, WI

How much do homes in Menomonie, WI cost?

Median Sold Price

$245,000

$122/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$45,100(+22.6%)

Key Takeaway

Homes in Menomonie have sold for 22.6% more than they did a month ago.

Summary: The median home sold price in Menomonie was $245,000 in February 2024, up 22.6% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $389.9K-
N/A
3 $200K$270K
+35.0%
4 $186K$165K
-11.3%
5+ --
N/A

Summary: Menomonie housing prices by bedroom type for February 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 increased by 35%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes did not change.

Housing Supply in Menomonie, WI

How many homes are available in Menomonie, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8589+4.7%

Summary: The Menomonie real estate market had 89 homes for sale in February 2024, a 4.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 1613
-18.8%
3 4041
+2.5%
4 2629
+11.5%
5+ 13
+200.0%

Summary: The Menomonie housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
19190.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Menomonie, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Menomonie in February 2024, the same as the previous month. Of the 19 sold homes, 68% were sold under asking, 0% were sold at asking, and 32% were sold over asking.

Days on Market for Menomonie, WI

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

Average Sale Time

Jan 2024Feb 2024CHANGE
59 Days119 Days+102.1%

Summary: Homes in Menomonie had an average of 119 days on market in Feb 2024, up by 102.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Menomonie are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 19 homes were sold in Menomonie; 5% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% 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 28 Days Ago

Newest Listings in Menomonie, WI

Nearby Markets to Menomonie, WI

What housing markets are near Menomonie, WI?