Is Red Cedar, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Red Cedar was a Seller's Market.
Housing Prices in Red Cedar, WI
How much do homes in Red Cedar, WI cost?
Median Sold Price
$415,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Red Cedar was $415,000 in March 2024, up 10.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $303K | $315K | +4.0% |
3 Bedrooms | $353K | $447.5K | +26.8% |
4 Bedrooms | $339.9K | $355K | +4.4% |
5+ Bedrooms | $389.4K | $440K | +13.0% |
Summary: Red Cedar 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 4%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Red Cedar | $375K | $415K | +10.7% |
Menomonie | $286.8K | $290.9K | +1.4% |
Housing Supply in Red Cedar, WI
How many homes are available in Red Cedar, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Summary: The Red Cedar real estate market had 16 homes for sale in March 2024, a 100.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Red Cedar 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Red Cedar in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Red Cedar, WI
How long does it take to sell a home in Red Cedar, WI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 84 Days | +416.9% |
Summary: Homes in Red Cedar had an average of 84 days on market in Mar 2024, up by 416.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Red Cedar; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.