Is Wisconsin Rapids, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wisconsin Rapids has remained a Seller's Market.
Key Takeaway
Wisconsin Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wisconsin Rapids, WI
How much do homes in Wisconsin Rapids, WI cost?
Median Sold Price
$170,833
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wisconsin Rapids have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Wisconsin Rapids was $170,833 in May 2024, up 8.1% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $89.9K | +19.9% |
| 2 Bedrooms | $120.1K | $131.5K | +9.4% |
| 3 Bedrooms | $167.7K | $174.9K | +4.3% |
| 4 Bedrooms | $161K | $255K | +58.4% |
| 5+ Bedrooms | $184K | $316.7K | +72.1% |
Summary: Wisconsin Rapids housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 58.4%, and 5+ bedroom homes increased by 72.1%.
Median Sold Price Compared To Nearby Cities
| Grand Rapids | $250K | $272.4K | +9.0% |
| Wisconsin Rapids | $158K | $170.8K | +8.1% |
Housing Supply in Wisconsin Rapids, WI
How many homes are available in Wisconsin Rapids, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 123 | +2.5% |
Summary: The Wisconsin Rapids real estate market had 123 homes for sale in May 2024, a 2.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 28 | 19 | -32.1% |
| 3 Bedrooms | 55 | 60 | +9.1% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Wisconsin Rapids housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wisconsin Rapids, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Wisconsin Rapids in May 2024, up by 2.7% month-over-month. Of the 38 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Wisconsin Rapids, WI
We’re sorry, we don't have information for this market at the moment
