Is Near North, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Near North has remained a Seller's Market.
Key Takeaway
Near North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near North, WI
How much do homes in Near North, WI cost?
Median Sold Price
$90,020
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Near North have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Near North was $90,020 in April 2024, down 12.6% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.5K | $25K | -71.1% |
| 2 Bedrooms | $88.1K | $76K | -13.8% |
| 3 Bedrooms | $105K | $95K | -9.5% |
| 4 Bedrooms | $107K | $101.2K | -5.4% |
| 5+ Bedrooms | $80K | $95K | +18.8% |
Summary: Near North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.1%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $120K | $115.2K | -4.0% |
| Old North Milwaukee | $102.2K | $90K | -11.9% |
| Near North | $102.9K | $90K | -12.6% |
Housing Supply in Near North, WI
How many homes are available in Near North, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 144 | 173 | +20.1% |
Summary: The Near North real estate market had 173 homes for sale in April 2024, a 20.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 16 | 24 | +50.0% |
| 3 Bedrooms | 75 | 88 | +17.3% |
| 4 Bedrooms | 45 | 48 | +6.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Near North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 30 | -30.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near North, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Near North in April 2024, down by 30.2% month-over-month. Of the 30 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% were sold over asking.
Days on Market for Near North, WI
We’re sorry, we don't have information for this market at the moment
