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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Janesville is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Janesville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Janesville, WI

How much do homes in Janesville, WI cost?

Median Sold Price

$260,065

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,190(+14.1%)

Key Takeaway

Homes in Janesville have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Janesville was $260,065 in April 2024, up 14.1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $98.2K$118.7K
+20.9%
2 $199.7K$205K
+2.7%
3 $250K$269.2K
+7.7%
4 $327.7K$350K
+6.8%
5+ $984.9K$342.4K
-65.2%

Summary: Janesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 65.2%.

Housing Supply in Janesville, WI

How many homes are available in Janesville, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
201232+15.4%

Summary: The Janesville real estate market had 232 homes for sale in April 2024, a 15.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 42
-50.0%
2 3549
+40.0%
3 105122
+16.2%
4 5051
+2.0%
5+ 78
+14.3%

Summary: The Janesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5952-11.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Janesville, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Janesville in April 2024, down by 11.9% month-over-month. Of the 52 sold homes, 21% were sold under asking, 33% were sold at asking, and 46% were sold over asking.

Days on Market for Janesville, 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 3 Days Ago

Newest Listings in Janesville, WI

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