Is Tomah, 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, Tomah was a Neutral Market.
Key Takeaway
Tomah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tomah, WI
How much do homes in Tomah, WI cost?
Median Sold Price
$225,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tomah have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Tomah was $225,000 in March 2024, down 2.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.5K | N/A |
| 2 Bedrooms | - | $155K | N/A |
| 3 Bedrooms | $215K | $225K | +4.7% |
| 4 Bedrooms | $243K | $230K | -5.3% |
| 5+ Bedrooms | $420K | $429K | +2.1% |
Summary: Tomah housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in Tomah, WI
How many homes are available in Tomah, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 48 | +45.5% |
Summary: The Tomah real estate market had 48 homes for sale in March 2024, a 45.5% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 26 | +73.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tomah 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 increased by 73.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tomah, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Tomah in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Tomah, WI
We’re sorry, we don't have information for this market at the moment
