Is Muskego, 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, Muskego has remained a Seller's Market.
Key Takeaway
Muskego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskego, WI
How much do homes in Muskego, WI cost?
Median Sold Price
$465,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muskego have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Muskego was $465,000 in March 2024, up 9.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.4K | - | N/A |
| 2 Bedrooms | $230K | $370K | +60.9% |
| 3 Bedrooms | $400K | $417K | +4.3% |
| 4 Bedrooms | $525K | $545K | +3.8% |
| 5+ Bedrooms | $659.2K | $727.5K | +10.4% |
Summary: Muskego housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Muskego | $425K | $465K | +9.4% |
| New Berlin | $374.8K | $405K | +8.0% |
| Franklin | $354.6K | $375K | +5.7% |
| Hales Corners | $335.2K | $340K | +1.4% |
Housing Supply in Muskego, WI
How many homes are available in Muskego, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Summary: The Muskego real estate market had 43 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Muskego housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskego, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Muskego in March 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Muskego, WI
We’re sorry, we don't have information for this market at the moment
