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Commonly Asked Questions about Wisconsin Real Estate

There are currently 22,018 homes for sale in Wisconsin. The median list price in Wisconsin is $359,900 and the average price per square foot is $186.
The Wisconsin housing market isnt that competitive. The median home sales price in June 2024 has increased in the past 3 months to $332,100. Thats up 8.1% and $24,900 higher than June 2023 of last year.
The real estate market in Wisconsin has demonstrated solid performance. Median home values and appreciation rates provide a snapshot of the states housing economy. As of the recent data, the median home value in Wisconsin has been on an upward trajectory, revealing a robust demand for properties within the state.
Wisconsin has been a sellers market for more than two years. Since March 2022, average home prices have increased by roughly 7%, while statewide listings have decreased by more than 20%. With demand continuing to outpace supply, real estate experts project this will continue through 2024.
Wisconsin is known for having a relatively low cost of living compared to other states in the US. Housing costs, in particular, are relatively affordable, with a median home sale price of $323,900. You can find affordable rent throughout Wisconsin as well.
The months from March to June are the best time to buy a house in Wisconsin. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.
The rise in home costs is tied to declines in housing construction following the 2008 Great Recession, the report said. Since 2010, ing to the study, the number of households in the state has increased by more than 211,000, but less than 145,000 housing units have been permitted, creating a 67,000 deficit.