Is Turtle Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Turtle Lake has remained a Seller's Market.
Key Takeaway
Turtle Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Turtle Lake, WI
How much do homes in Turtle Lake, WI cost?
Median Sold Price
$265,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Turtle Lake have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Turtle Lake was $265,000 in March 2024, down 7.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | - | N/A |
| 2 Bedrooms | $230K | $247.5K | +7.6% |
| 3 Bedrooms | $280K | $230K | -17.9% |
| 4 Bedrooms | $375K | $423K | +12.8% |
| 5+ Bedrooms | $400K | $780K | +95.0% |
Summary: Turtle Lake 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 increased by 7.6%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 95%.
Housing Supply in Turtle Lake, WI
How many homes are available in Turtle Lake, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Turtle Lake real estate market had 33 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Turtle Lake 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 200%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Turtle Lake, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Turtle Lake in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 43 Days | -10.3% |
Summary: Homes in Turtle Lake had an average of 43 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Turtle Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Turtle Lake; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
