Is Rusk County, 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, Rusk County has remained a Seller's Market.
Key Takeaway
Rusk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rusk County, WI
How much do homes in Rusk County, WI cost?
Median Sold Price
$198,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rusk County have sold for 16.6% less than they did a year ago.
Summary: The median home sold price in Rusk County was $198,500 in April 2024, down 16.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111.9K | $140K | +25.1% |
| 2 Bedrooms | $240K | $190.5K | -20.6% |
| 3 Bedrooms | $227.5K | $211.2K | -7.1% |
| 4 Bedrooms | $260K | $203.5K | -21.7% |
| 5+ Bedrooms | $500K | $312.5K | -37.5% |
Summary: Rusk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 37.5%.
Median Sold Price Compared To Nearby Counties
| Barron County | $240K | $259.9K | +8.3% |
| Sawyer County | $355K | $332.1K | -6.5% |
| Rusk County | $238K | $198.5K | -16.6% |
Housing Supply in Rusk County, WI
How many homes are available in Rusk County, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 62 | +3.3% |
Summary: The Rusk County real estate market had 62 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Rusk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rusk County, you may be able to get a good deal. 92.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Rusk County in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% were sold over asking.
Days on Market for Rusk County, WI
How long does it take to sell a home in Rusk County, WI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 117 Days | 70 Days | -39.9% |
Summary: Homes in Rusk County had an average of 70 days on market in Apr 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rusk County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Rusk County; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
