Ladysmith Housing Market Report December 2024•Rusk County, Wisconsin

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Housing Prices in Ladysmith, WI

How much do homes in Ladysmith, WI cost?

Housing Market Conditions

Is Ladysmith, 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

Ladysmith is a Seller's Market

Difference Since December 2023

Since last year, Ladysmith has remained a Seller's Market.

Insight

Ladysmith 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.
$200,000$121/SqFt
+$50,000
+33.3%

Based on all homes sold in the last 12 months

Insight

Homes in Ladysmith have sold for 33.3% more than they did a year ago.

Summary: The median home sold price in Ladysmith was $200,000 in December 2024, up 33.3% from last year, and the median price per square foot was $121.

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 2023Dec 2024Change YoY
1$140K$46K
-67.1%
2$129.9K$190K
+46.3%
3$175K$200K
+14.3%
4$157K$249.5K
+58.9%
5$299.5K$510K
+70.3%

Summary: Ladysmith housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -67.1%. The home price for 2 bedroom homes increased by +46.3%. The home price for 3 bedroom homes increased by +14.3%. The home price for 4 bedroom homes increased by +58.9%. The home price for 5 bedroom homes increased by +70.3%.

Housing supply in Ladysmith, WI

How many homes are available in Ladysmith, 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
38Last MonthDec 2024
362 months agoNov 2024
+5.6 %
Change MoMNov – Dec

Summary: The Ladysmith real estate market had 38 homes for sale in Dec 2024, a 5.6 % increase compared to Nov 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
8Last MonthDec 2024
22 months agoNov 2024
+300.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
111
0.0%
277
0.0%
31820
+11.1%
41010
0.0%
500
0.0%

Summary: Ladysmith housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Ladysmith, 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 Price0 Home

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Ladysmith, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Ladysmith in December 2024, up by 300.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.

Days on Market for Ladysmith, WI

How long does it take to sell a home in Ladysmith, WI?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
0 DaysThis YearDec 2024
21 Days1 year agoDec 2023
0.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Ladysmith had an average listing age of 0 days in Dec 2024, down by .0% compared to the previous year.

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Newest Listings in Ladysmith, WI

What homes are available in Ladysmith, WI?

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Based on information from Wisconsin Real Estate Exchange, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/18/2025, 1:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.