Is Spooner, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spooner was a Buyer's Market.
Key Takeaway
Spooner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spooner, WI
How much do homes in Spooner, WI cost?
Median Sold Price
$325,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spooner have sold for 25% more than they did a year ago.
Summary: The median home sold price in Spooner was $325,000 in March 2024, up 25% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $249.7K | +72.2% |
| 2 Bedrooms | $191.5K | $310K | +61.9% |
| 3 Bedrooms | $282K | $259.7K | -7.9% |
| 4 Bedrooms | $435K | $375K | -13.8% |
| 5+ Bedrooms | - | $480K | N/A |
Summary: Spooner housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 61.9%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Housing Supply in Spooner, WI
How many homes are available in Spooner, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Summary: The Spooner real estate market had 32 homes for sale in March 2024, a 39.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spooner 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 33.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spooner, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Spooner in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Spooner, WI
How long does it take to sell a home in Spooner, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 124 Days | +726.7% |
Summary: Homes in Spooner had an average of 124 days on market in Mar 2024, up by 726.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Spooner are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Spooner; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
