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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wausau is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Wausau, WI

How much do homes in Wausau, WI cost?

Median Sold Price

$194,912

$136/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$10,087(-4.9%)

Key Takeaway

Homes in Wausau have sold for 4.9% less than they did a month ago.

Summary: The median home sold price in Wausau was $194,912 in February 2024, down 4.9% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $114K$122.4K
+7.4%
3 $200K$161K
-19.5%
4 $285K$247.5K
-13.2%
5+ $205K$445K
+117.1%

Summary: Wausau housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 117.1%.

Median Sold Price Compared To Nearby Cities

Rib Mountain
+67.9%
Wausau
-4.9%

Housing Supply in Wausau, WI

How many homes are available in Wausau, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
113115+1.8%

Summary: The Wausau real estate market had 115 homes for sale in February 2024, a 1.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1416
+14.3%
3 4848
0.0%
4 3434
0.0%
5+ 1716
-5.9%

Summary: The Wausau housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wausau, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Wausau in February 2024, down by 31.4% month-over-month. Of the 24 sold homes, 58% were sold under asking, 4% were sold at asking, and 38% were sold over asking.

Days on Market for Wausau, 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 28 Days Ago

Newest Listings in Wausau, WI

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