Is Mequon, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mequon has remained a Seller's Market.
Key Takeaway
Mequon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mequon, WI
How much do homes in Mequon, WI cost?
Median Sold Price
$610,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mequon have sold for 23.2% more than they did a year ago.
Summary: The median home sold price in Mequon was $610,000 in March 2024, up 23.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $165K | +10.0% |
| 2 Bedrooms | $350K | $385K | +10.0% |
| 3 Bedrooms | $431.5K | $507K | +17.5% |
| 4 Bedrooms | $641K | $692.5K | +8.0% |
| 5+ Bedrooms | $895K | $1.1M | +33.5% |
Summary: Mequon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Mequon | $495K | $610K | +23.2% |
| Cedarburg | $447K | $469.9K | +5.1% |
| Bayside | $489K | $499.8K | +2.2% |
| Thiensville | $326K | $316K | -3.1% |
Housing Supply in Mequon, WI
How many homes are available in Mequon, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 76 | +11.8% |
Summary: The Mequon real estate market had 76 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Mequon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 27 | +125.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mequon, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Mequon in March 2024, up by 125.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 7% were sold at asking, and 56% were sold over asking.
Days on Market for Mequon, WI
We’re sorry, we don't have information for this market at the moment
