Is Twin Lakes, 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, Twin Lakes has remained a Seller's Market.
Key Takeaway
Twin Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twin Lakes, WI
How much do homes in Twin Lakes, WI cost?
Median Sold Price
$365,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Twin Lakes have sold for 9% more than they did a year ago.
Summary: The median home sold price in Twin Lakes was $365,000 in March 2024, up 9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195.4K | $129.3K | -33.8% |
| 2 Bedrooms | $259.9K | $246.5K | -5.2% |
| 3 Bedrooms | $320K | $357.5K | +11.7% |
| 4 Bedrooms | $411K | $417.2K | +1.5% |
| 5+ Bedrooms | $516.2K | $535.9K | +3.8% |
Summary: Twin Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Twin Lakes | $335K | $365K | +9.0% |
| Burton Township | $350K | $378K | +8.0% |
| Fox Lake | $210K | $225.2K | +7.3% |
| Randall | $430K | $449.9K | +4.6% |
Housing Supply in Twin Lakes, WI
How many homes are available in Twin Lakes, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Twin Lakes real estate market had 35 homes for sale in March 2024, a 2.8% decrease 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Twin Lakes 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 remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Twin Lakes in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Twin Lakes, WI
How long does it take to sell a home in Twin Lakes, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 5 Days | -93.1% |
Summary: Homes in Twin Lakes had an average of 5 days on market in Mar 2024, down by 93.1% 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
Key Takeaway
Many homes in Twin Lakes are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Twin Lakes; 11% 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.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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