Is Sun Prairie, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sun Prairie has remained a Seller's Market.
Key Takeaway
Sun Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sun Prairie, WI
How much do homes in Sun Prairie, WI cost?
Median Sold Price
$420,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Sun Prairie have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Sun Prairie was $420,000 in June 2024, up 12.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195.5K | $177K | -9.5% |
| 2 Bedrooms | $247K | $302.5K | +22.5% |
| 3 Bedrooms | $374.5K | $405K | +8.1% |
| 4 Bedrooms | $514K | $500K | -2.7% |
| 5+ Bedrooms | $527.5K | $615K | +16.6% |
Summary: Sun Prairie housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 16.6%.
Housing Supply in Sun Prairie, WI
How many homes are available in Sun Prairie, WI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 202 | 197 | -2.5% |
Summary: The Sun Prairie real estate market had 197 homes for sale in June 2024, a 2.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 92 | 82 | -10.9% |
| 4 Bedrooms | 75 | 82 | +9.3% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Sun Prairie housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 50 | -18.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun Prairie, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Sun Prairie in June 2024, down by 18.0% month-over-month. Of the 50 sold homes, 30% were sold under asking, 18% were sold at asking, and 52% were sold over asking.
Days on Market for Sun Prairie, WI
We’re sorry, we don't have information for this market at the moment
