Is Near South, 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 South has remained a Seller's Market.
Key Takeaway
Near South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near South, WI
How much do homes in Near South, WI cost?
Median Sold Price
$150,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Near South have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Near South was $150,000 in April 2024, down 3.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $280K | +7.7% |
| 2 Bedrooms | $127K | $95.5K | -24.8% |
| 3 Bedrooms | $140K | $140K | 0.0% |
| 4 Bedrooms | $165K | $160K | -3.0% |
| 5+ Bedrooms | $160K | $158K | -1.3% |
Summary: Near South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Near South | $155K | $150K | -3.2% |
| Muskego Way | $130K | $117K | -10.0% |
Housing Supply in Near South, WI
How many homes are available in Near South, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Near South real estate market had 50 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Near South 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near South, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Near South in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 33% were sold at asking, and 58% were sold over asking.
Days on Market for Near South, WI
We’re sorry, we don't have information for this market at the moment
