Is Tomahawk, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tomahawk is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tomahawk has remained a Seller's Market.

Key Takeaway

Tomahawk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tomahawk, WI

How much do homes in Tomahawk, WI cost?

Median Sold Price

$305,000

$195/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$73,500(-19.4%)

Key Takeaway

Homes in Tomahawk have sold for 19.4% less than they did a month ago.

Summary: The median home sold price in Tomahawk was $305,000 in April 2024, down 19.4% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $349.5K-
N/A
2 $190K$210K
+10.5%
3 -$401K
N/A
4 $392K-
N/A
5+ --
N/A

Summary: Tomahawk housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tomahawk, WI

How many homes are available in Tomahawk, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
19190.0%

Summary: The Tomahawk real estate market had 19 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 31
-66.7%
2 56
+20.0%
3 79
+28.6%
4 32
-33.3%
5+ 11
0.0%

Summary: The Tomahawk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tomahawk, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Tomahawk in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Tomahawk, 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 16 Days Ago

Newest Listings in Tomahawk, WI

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