Is Turtle Lake, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Turtle Lake is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Turtle Lake was a Seller's Market.

Key Takeaway

Turtle Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Turtle Lake, WI

How much do homes in Turtle Lake, WI cost?

Median Sold Price

$235,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$47,000(-16.7%)

Key Takeaway

Homes in Turtle Lake have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in Turtle Lake was $235,000 in September 2024, down 16.7% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $247.5K$155K
-37.4%
3 $272K$232.5K
-14.5%
4 $470K$374.9K
-20.2%
5+ $780K$490K
-37.2%

Summary: Turtle Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.4%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 37.2%.

Median Sold Price Compared To Nearby Cities

Turtle Lake
-16.7%
Turtle Lake
-16.8%

Housing Supply in Turtle Lake, WI

How many homes are available in Turtle Lake, WI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3040+33.3%

Summary: The Turtle Lake real estate market had 40 homes for sale in September 2024, a 33.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 1419
+35.7%
4 1111
0.0%
5+ 02
+100.0%

Summary: The Turtle Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Turtle Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Turtle Lake in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Turtle Lake, WI

How long does it take to sell a home in Turtle Lake, WI?

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days19 Days-37.5%

Summary: Homes in Turtle Lake had an average of 19 days on market in Sep 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Turtle Lake are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Turtle Lake; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 7 Days Ago

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