Is Southwest, 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, Southwest has remained a Seller's Market.
Housing Prices in Southwest, WI
How much do homes in Southwest, WI cost?
Median Sold Price
$239,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest was $239,000 in April 2024, up 8.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.2K | $92K | +13.2% |
2 Bedrooms | $180K | $192.7K | +7.1% |
3 Bedrooms | $225K | $250K | +11.1% |
4 Bedrooms | $240K | $250K | +4.2% |
5+ Bedrooms | $285K | $260K | -8.8% |
Summary: Southwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lyons Park | $199K | $240K | +20.6% |
Honey Creek Manor | $215K | $242.5K | +12.8% |
Southwest | $220K | $239K | +8.6% |
Housing Supply in Southwest, WI
How many homes are available in Southwest, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 102 | +27.5% |
Summary: The Southwest real estate market had 102 homes for sale in April 2024, a 27.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 47 | 62 | +31.9% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Southwest 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 10.5%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 49 | +113.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Southwest in April 2024, up by 113.0% month-over-month. Of the 49 sold homes, 18% were sold under asking, 10% were sold at asking, and 71% were sold over asking.
Days on Market for Southwest, WI
We’re sorry, we don't have information for this market at the moment