Is Superior, 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, Superior has remained a Seller's Market.
Key Takeaway
Superior is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Superior, WI
How much do homes in Superior, WI cost?
Median Sold Price
$197,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Superior have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Superior was $197,500 in April 2024, up 8.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.5K | $148K | +35.2% |
| 2 Bedrooms | $160K | $172.5K | +7.8% |
| 3 Bedrooms | $185K | $215K | +16.2% |
| 4 Bedrooms | $252.5K | $250K | -1.0% |
| 5+ Bedrooms | $915K | $246.5K | -73.1% |
Summary: Superior housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 73.1%.
Housing Supply in Superior, WI
How many homes are available in Superior, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Summary: The Superior real estate market had 82 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 18 | -25.0% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Superior 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 decreased by 25%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 18 | -52.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Superior, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Superior in April 2024, down by 52.6% month-over-month. Of the 15 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Superior, WI
How long does it take to sell a home in Superior, WI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 5 Days | -80.1% |
Summary: Homes in Superior had an average of 5 days on market in Apr 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Superior are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Superior; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
