Medford Housing Market Report December 2024•Taylor County, Wisconsin

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Housing Prices in Medford, WI

How much do homes in Medford, WI cost?

Housing Market Conditions

Is Medford, 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

Medford is a Seller's Market

Difference Since November 2024

Last month, Medford was a Neutral Market.

Insight

Medford 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.
$212,000$127/SqFt
+$9,268
+4.6%

Based on all homes sold in December 2024

Insight

Homes in Medford have sold for 4.6% more than they did a month ago.

Summary: The median home sold price in Medford was $212,000 in December 2024, up 4.6% from last month, and the median price per square foot was $127.

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 MoM
Little Black
+63.8%
Medford
+4.6%

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.
BedsNov 2024Dec 2024Change MoM
1$180K$122K
-32.2%
2$270K$162K
-40.0%
3$188.5K$212K
+12.5%
4$190K$277.5K
+46.1%
5--
N/A

Summary: Medford housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes decreased by -32.2%. The home price for 2 bedroom homes decreased by -40.0%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes increased by +46.1%. The home price for 5 bedroom homes did not change.

Housing supply in Medford, WI

How many homes are available in Medford, 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
35Last MonthDec 2024
372 months agoNov 2024
-5.4 %
Change MoMNov – Dec

Summary: The Medford real estate market had 35 homes for sale in Dec 2024, a 5.4 % decrease 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
13Last MonthDec 2024
62 months agoNov 2024
+116.7 %
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
143
-25.0%
253
-40.0%
31314
+7.7%
41414
0.0%
511
0.0%

Summary: Medford housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -40.0%. The inventory for 3 bedroom homes increased by +7.7%. 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 Medford, 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 Price1 Home

At Asking Price3 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in Medford, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Medford in December 2024, up by 116.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and and 8% were sold over asking.

Days on Market for Medford, 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 Medford, WI

What homes are available in Medford, WI?

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Nearby markets

Nearby markets aren't available for Medford, WI

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MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, for the period 11/01/2024 - 01/01/2025

© 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: 1/23/2025, 10:21:43 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.