Is Ripon, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Ripon has remained a Seller's Market.
Key Takeaway
Ripon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Ripon, WI cost?
Median Sold Price
$193,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Ripon have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Ripon was $193,000 in August 2023, up 4.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110.4K | N/A |
| 2 Bedrooms | $129.5K | $162.5K | +25.5% |
| 3 Bedrooms | $181K | $221.6K | +22.4% |
| 4 Bedrooms | $210K | $220K | +4.8% |
| 5+ Bedrooms | $435K | $211.5K | -51.4% |
Summary: Ripon housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 51.4%.
Housing Supply
How many homes are available in Ripon, WI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Summary: The Ripon real estate market had 38 homes for sale in August 2023, a 22.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ripon housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ripon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Ripon in August 2023, up by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
