Is Paddock Lake, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paddock Lake is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Paddock Lake has remained a Seller's Market.

Key Takeaway

Paddock Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Paddock Lake, WI

How much do homes in Paddock Lake, WI cost?

Median Sold Price

$330,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$47,750(+16.9%)

Key Takeaway

Homes in Paddock Lake have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Paddock Lake was $330,000 in March 2024, up 16.9% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $176.5K$195K
+10.5%
3 $275K$298.5K
+8.5%
4 $390K$395K
+1.3%
5+ $495.9K$398.9K
-19.6%

Summary: Paddock Lake 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 10.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 19.6%.

Median Sold Price Compared To Nearby Cities

Paddock Lake
+16.9%
Salem
+1.5%

Housing Supply in Paddock Lake, WI

How many homes are available in Paddock Lake, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1015+50.0%

Summary: The Paddock Lake real estate market had 15 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 510
+100.0%
4 11
0.0%
5+ 21
-50.0%

Summary: The Paddock Lake 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paddock Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Paddock Lake in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Paddock Lake, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Paddock Lake, WI

Nearby Markets to Paddock Lake, WI

What housing markets are near Paddock Lake, WI?