Is Southwest, 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, Southwest has remained a Seller's Market.
Key Takeaway
Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest, WI
How much do homes in Southwest, WI cost?
Median Sold Price
$236,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southwest have sold for 6% more than they did a year ago.
Summary: The median home sold price in Southwest was $236,000 in March 2024, up 6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.2K | $92K | +13.2% |
| 2 Bedrooms | $182K | $184.5K | +1.4% |
| 3 Bedrooms | $225K | $249.5K | +10.9% |
| 4 Bedrooms | $245.5K | $250K | +1.8% |
| 5+ Bedrooms | $285K | $264K | -7.4% |
Summary: Southwest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in Southwest, WI
How many homes are available in Southwest, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 87 | +19.2% |
Summary: The Southwest real estate market had 87 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 46 | 50 | +8.7% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Southwest housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 21 | -27.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Southwest in March 2024, down by 27.6% month-over-month. Of the 21 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% were sold over asking.
Days on Market for Southwest, WI
We’re sorry, we don't have information for this market at the moment
