Is Menomonie, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Menomonie has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $389.9K | - | N/A |
3 Bedrooms | $200K | $270K | +35.0% |
4 Bedrooms | $186K | $165K | -11.3% |
5+ Bedrooms | - | - | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
85 | 89 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 40 | 41 | +2.5% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 1 | 3 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
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 2024 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 119 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
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.