Is Eau Claire, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eau Claire has remained a Seller's Market.
Key Takeaway
Eau Claire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eau Claire, WI
How much do homes in Eau Claire, WI cost?
Median Sold Price
$286,360
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eau Claire have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Eau Claire was $286,360 in April 2024, up 2.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $215K | $207.8K | -3.3% |
| 3 Bedrooms | $264K | $285K | +8.0% |
| 4 Bedrooms | $365K | $365K | 0.0% |
| 5+ Bedrooms | $607.5K | $488.5K | -19.6% |
Summary: Eau Claire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Altoona | $255K | $310K | +21.6% |
| Seymour | $260.1K | $296.2K | +13.9% |
| Eau Claire | $280K | $286.3K | +2.3% |
Housing Supply in Eau Claire, WI
How many homes are available in Eau Claire, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 279 | 339 | +21.5% |
Summary: The Eau Claire real estate market had 339 homes for sale in April 2024, a 21.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 39 | 46 | +17.9% |
| 3 Bedrooms | 114 | 136 | +19.3% |
| 4 Bedrooms | 85 | 102 | +20.0% |
| 5+ Bedrooms | 39 | 51 | +30.8% |
Summary: The Eau Claire housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 73 | +52.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eau Claire, you could pay more than the asking price. 52.1% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Eau Claire in April 2024, up by 52.1% month-over-month. Of the 73 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for Eau Claire, WI
How long does it take to sell a home in Eau Claire, WI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 79 Days | +13.3% |
Summary: Homes in Eau Claire had an average of 79 days on market in Apr 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eau Claire are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in Eau Claire; 4% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
