Is Reedsburg, 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, Reedsburg has remained a Seller's Market.
Key Takeaway
Reedsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reedsburg, WI
How much do homes in Reedsburg, WI cost?
Median Sold Price
$287,250
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Reedsburg have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Reedsburg was $287,250 in April 2024, up 16.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $181.5K | +10.0% |
| 3 Bedrooms | $352.9K | $277.5K | -21.4% |
| 4 Bedrooms | $303.5K | $311.5K | +2.6% |
| 5+ Bedrooms | - | $327.5K | N/A |
Summary: Reedsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes did not change.
Housing Supply in Reedsburg, WI
How many homes are available in Reedsburg, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 48 | -2.0% |
Summary: The Reedsburg real estate market had 48 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Reedsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reedsburg, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Reedsburg in April 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 0% were sold at asking, and 42% were sold over asking.
Days on Market for Reedsburg, WI
We’re sorry, we don't have information for this market at the moment
