Is Wausau, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$205,000
$116/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Wausau have sold for 5.1% more than they did a month ago.
Summary: The median home sold price in Wausau was $205,000 in March 2024, up 5.1% from last month, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $109.9K | N/A |
| 2 Bedrooms | $122.4K | $149.9K | +22.4% |
| 3 Bedrooms | $161K | $200K | +24.2% |
| 4 Bedrooms | $235K | $255K | +8.5% |
| 5+ Bedrooms | $445K | $340K | -23.6% |
Summary: Wausau housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Wausau | $195.1K | $205K | +5.1% |
| Rib Mountain | $445K | $376.2K | -15.4% |
Housing Supply in Wausau, WI
How many homes are available in Wausau, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 140 | +18.6% |
Summary: The Wausau real estate market had 140 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 50 | 61 | +22.0% |
| 4 Bedrooms | 37 | 45 | +21.6% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Wausau 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 26.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 43 | +72.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wausau, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Wausau in March 2024, up by 72.0% month-over-month. Of the 43 sold homes, 33% were sold under asking, 19% were sold at asking, and 49% were sold over asking.
Days on Market for Wausau, WI
We’re sorry, we don't have information for this market at the moment
