Is Sun Prairie, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun Prairie is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Sun Prairie was a Buyer's Market.

Key Takeaway

Sun Prairie is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sun Prairie, WI

How much do homes in Sun Prairie, WI cost?

Median Sold Price

$412,785

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$142,785(+52.9%)

Key Takeaway

Homes in Sun Prairie have sold for 52.9% more than they did a year ago.

Summary: The median home sold price in Sun Prairie was $412,785 in February 2024, up 52.9% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $173K$175K
+1.2%
2 $242K$305K
+26.0%
3 $301K$386K
+28.2%
4 $485K$491.6K
+1.4%
5+ $1.0M$575K
-42.7%

Summary: Sun Prairie housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 42.7%.

Median Sold Price Compared To Nearby Cities

Sun Prairie
+52.9%
Bristol
+16.4%

Housing Supply in Sun Prairie, WI

How many homes are available in Sun Prairie, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
122139+13.9%

Summary: The Sun Prairie real estate market had 139 homes for sale in February 2024, a 13.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 1519
+26.7%
3 6268
+9.7%
4 3133
+6.5%
5+ 1319
+46.2%

Summary: The Sun Prairie housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3323-30.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun Prairie, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Sun Prairie in February 2024, down by 30.3% month-over-month. Of the 23 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Sun Prairie, WI

Nearby Markets to Sun Prairie, WI

What housing markets are near Sun Prairie, WI?