54656 Housing Market Report January 2025•Monroe County, Wisconsin

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Housing Prices in 54656, WI

How much do homes in 54656, WI cost?

Housing Market Conditions

Is 54656, WI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

54656 is a Seller's Market

Difference Since December 2024

Last month, 54656 has remained a Seller's Market.

Insight

54656 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$217,000$154/SqFt
-$83,000
-27.7%

Based on all homes sold in January 2025

Insight

Homes in 54656 have sold for 27.7% less than they did a month ago.

Summary: The median home sold price in 54656 was $217,000 in January 2025, down 27.7% from last month, and the median price per square foot was $154.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
54653
+172.0%
54660
-1.6%
54614
-4.2%
54656
-27.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2$207.5K$186K
-10.4%
3$305K$208K
-31.8%
4$327.5K$1.3M
+323.7%
5--
N/A

Summary: 54656 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -10.4%. The home price for 3 bedroom homes decreased by -31.8%. The home price for 4 bedroom homes increased by +323.7%. The home price for 5 bedroom homes did not change.

Housing supply in 54656, WI

How many homes are available in 54656, WI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
40Last MonthJan 2025
412 months agoDec 2024
-2.4 %
Change MoMDec – Jan

Summary: The 54656 real estate market had 40 homes for sale in Jan 2025, a 2.4 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
122 months agoDec 2024
-41.7 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
112
+100.0%
2107
-30.0%
31617
+6.3%
487
-12.5%
567
+16.7%

Summary: 54656 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -30.0%. The inventory for 3 bedroom homes increased by +6.3%. The inventory for 4 bedroom homes decreased by -12.5%. The inventory for 5 bedroom homes increased by +16.7%.

Asking Price vs. Sold Price

How much do homes in 54656, WI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price3 Homes

Under Asking Price1 Home

Insight

If you're buying a home in 54656, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 54656 in January 2025, down by 41.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and and 43% were sold over asking.

Days on Market for 54656, WI

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 54656, WI

What homes are available in 54656, WI?

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MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, for the period 12/01/2024 - 02/01/2025

© 2025 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 1:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.