Is Rib Mountain, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rib Mountain has remained a Seller's Market.
Key Takeaway
Rib Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rib Mountain, WI
How much do homes in Rib Mountain, WI cost?
Median Sold Price
$239,950
$160/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Rib Mountain have sold for 9.7% less than they did a month ago.
Summary: The median home sold price in Rib Mountain was $239,950 in June 2024, down 9.7% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $241K | $150K | -37.8% |
| 3 Bedrooms | $226K | $245K | +8.4% |
| 4 Bedrooms | $368.7K | $457.5K | +24.1% |
| 5+ Bedrooms | $425K | - | N/A |
Summary: Rib Mountain housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Stettin | $314K | $542.5K | +72.7% |
| Rib Mountain | $265.6K | $239.9K | -9.7% |
| Wausau | $255K | $226.5K | -11.2% |
Housing Supply in Rib Mountain, WI
How many homes are available in Rib Mountain, WI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Rib Mountain real estate market had 34 homes for sale in June 2024, a 3.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rib Mountain housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rib Mountain, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Rib Mountain in June 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Rib Mountain, WI
We’re sorry, we don't have information for this market at the moment
