Is Ripon, 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, Ripon has remained a Seller's Market.
Key Takeaway
Ripon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ripon, WI
How much do homes in Ripon, WI cost?
Median Sold Price
$221,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ripon have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Ripon was $221,500 in April 2024, up 22.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.4K | $132K | +19.5% |
| 2 Bedrooms | $155K | $165.9K | +7.1% |
| 3 Bedrooms | $183.5K | $222.1K | +21.0% |
| 4 Bedrooms | $200K | $297.4K | +48.7% |
| 5+ Bedrooms | $230K | $242K | +5.2% |
Summary: Ripon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Ripon, WI
How many homes are available in Ripon, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Summary: The Ripon real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ripon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ripon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ripon in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ripon, WI
We’re sorry, we don't have information for this market at the moment
