Home buyers in Northwestern Wisconsin have been scooping up deals throughout the autumn months, setting the stage for a booming start to 2022! Here are the latest market trends from the Wisconsin Realtors Association!
Statewide, October home sales kept good momentum. The median price for a Wisconsin home increased to $245,000 as of October 2021, up from $228,000 in October 2020. The inventory of homes for sale remains low in much of the state.
Looking at Barron County in Northwestern Wisconsin, the median home price increased to $218,000 during October 2021, up from $189,500 in October 2020. Homes spent an average of 64 days on market.
Despite the year-over-year price increases, Barron County buyers did find some wiggle room. While 6 listings sold for more than the asking price, 13 properties sold for less than the asking price. 2 sold at the asking price. It’s still a seller’s market, but with less frenzy.
Please keep in mind that Northwestern Wisconsin real estate prices vary widely. Property type, location and condition are part of the equation, along with buyer demand. If you are thinking of selling, start with your free home valuation report! We’ll give you advice for maximizing your sales price, without any obligation.
John Flor CRS, GRI, ABR, RSPS, RRS, e-PRO
Team Lead / Property Marketing Specialist
Six Lakes Realty powered by Keller Williams Realty Diversified
Office: (715) 924-4806