Is Near South, 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, Near South has remained a Seller's Market.
Housing Prices in Near South, WI
How much do homes in Near South, WI cost?
Median Sold Price
$150,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Near South was $150,000 in April 2024, down 3.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $280K | +7.7% |
2 Bedrooms | $127K | $95.5K | -24.8% |
3 Bedrooms | $140K | $140K | 0.0% |
4 Bedrooms | $165K | $160K | -3.0% |
5+ Bedrooms | $160K | $158K | -1.3% |
Summary: Near South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
Near South | $155K | $150K | -3.2% |
Muskego Way | $130K | $117K | -10.0% |
Housing Supply in Near South, WI
How many homes are available in Near South, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 50 | +6.4% |
Summary: The Near South real estate market had 50 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Near South 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Near South in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 33% were sold at asking, and 58% were sold over asking.
Days on Market for Near South, WI
We’re sorry, we don't have information for this market at the moment