Is West Bend, 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, West Bend has remained a Seller's Market.
Key Takeaway
West Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Bend, WI
How much do homes in West Bend, WI cost?
Median Sold Price
$320,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Bend have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in West Bend was $320,000 in March 2024, up 8.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $202.5K | +19.1% |
| 2 Bedrooms | $190K | $226.3K | +19.1% |
| 3 Bedrooms | $299K | $322.8K | +8.0% |
| 4 Bedrooms | $379.5K | $432.2K | +13.9% |
| 5+ Bedrooms | $425K | $335K | -21.2% |
Summary: West Bend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 21.2%.
Housing Supply in West Bend, WI
How many homes are available in West Bend, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 131 | +15.9% |
Summary: The West Bend real estate market had 131 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 36 | 42 | +16.7% |
| 3 Bedrooms | 46 | 59 | +28.3% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Bend housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 28.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 35 | +34.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Bend, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in West Bend in March 2024, up by 34.6% month-over-month. Of the 35 sold homes, 26% were sold under asking, 23% were sold at asking, and 51% were sold over asking.
Days on Market for West Bend, WI
We’re sorry, we don't have information for this market at the moment
