Is Solon Springs, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Solon Springs has remained a Seller's Market.
Key Takeaway
Solon Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solon Springs, WI
How much do homes in Solon Springs, WI cost?
Median Sold Price
$247,318
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Solon Springs have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Solon Springs was $247,318 in March 2024, up 17.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $110.5K | -30.9% |
| 2 Bedrooms | $200K | $245K | +22.5% |
| 3 Bedrooms | $206K | $301.1K | +46.2% |
| 4 Bedrooms | $425K | $355.5K | -16.4% |
| 5+ Bedrooms | - | $163.5K | N/A |
Summary: Solon Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.9%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes did not change.
Housing Supply in Solon Springs, WI
How many homes are available in Solon Springs, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Solon Springs real estate market had 12 homes for sale in March 2024, a 7.7% decrease 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Solon Springs 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 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solon Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Solon Springs in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Solon Springs, WI
How long does it take to sell a home in Solon Springs, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 26 Days | -74.8% |
Summary: Homes in Solon Springs had an average of 26 days on market in Mar 2024, down by 74.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solon Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Solon Springs; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
