As a professional in the real estate industry, it is important to understand the correlation between key metrics to make informed decisions when buying or selling a property.
First, let's look at the Months Supply of Inventory, which currently stands at 2.5. This metric indicates how long it would take for all available properties to be sold at the current sales pace. A lower number, like 2.5, typically signifies a seller's market with high demand and low supply.
The 12-Month Change in Months of Inventory is -19.35%, showing a significant decrease in the supply of homes over the past year. This suggests that the market has become even more competitive for buyers, putting upward pressure on prices.
The Median Days Homes are On the Market is 46, indicating that properties are selling relatively quickly. This could be due to high demand or competitive pricing strategies by sellers.
The List to Sold Price Percentage is 101.1%, suggesting that homes are selling for slightly above their listing price on average. This could be a result of multiple offers or bidding wars in a tight market.
Lastly, the Median Sold Price is $342,000, reflecting the average price at which homes are selling in the current market conditions. This could be influenced by various factors, including location, property features, and market trends.
The data points to a competitive real estate market with low inventory, quick sales, and prices slightly above listing. Buyers should be prepared to act fast and potentially pay above asking price, while sellers may benefit from maximizing their property's value in the current market conditions. Ultimately, understanding these metrics can help both buyers and sellers navigate the real estate market with confidence.
Some of the hottest neighborhoods near Appleton, WI are Colony Oaks, Northwood Park, Downtown Appleton, Bell Heights, Downtown Neenah. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 54915, 54115, or three bedroom homes for sale in neighboring cities, such as Green Bay, Grand Chute, Neenah, Oshkosh, Menasha.
Appleton is a minimally walkable city in Outagamie County with a Walk Score of 44. Appleton is home to approximately 72,445 people and 63,762 jobs. Find your dream home in Appleton by contacting us, and we can set up a search by price, square feet, beds, baths, and more to find homes that fit your criteria. This top-rated real estate agent in Appleton is a local expert and is ready to answer your questions about properties; the newest listings for sale and more in Appleton. Wizards of Real Estate has a mobile office that comes to you and is centrally located in Appleton, WI 54913. Our Appleton real estate stats and trends will give you more information about home buying and selling trends in Appleton. If you're looking to sell your home in the Appleton area, Wizards of Real Estate LLC can help you get the best price. Wizards of Real Estate is redefining real estate and the home buying process in Appleton with industry-leading technology and information that provides a better value for buyers and sellers that choose Wizards of Real Estate. Follow the Realtor that teaches!
Frequently Asked Questions
What is the median home price in Appleton (Including the Town of Grand Chute)?
Wizards of Real Estate estimates the median home price in Appleton is $342,000. Right now, there are not many homes listed for sale in Appleton. This will change over the coming weeks. Some of these homes are Hot Homes, meaning they're likely to sell quickly.
How often does Wizards of Real Estate update their new listings?
Most of our new listings in Appleton and all areas are updated every 5-15 minutes so you can see new homes as soon as they come on the market.
If you're looking to buy a home in Appleton, WI, the Fox Cities, and outside areas…you've come to the right place. Wizards of Real Estate keeps you up to date with the latest Appleton MLS listings, NE Wisconsin Listings - including new homes for sale, townhomes for sale, condos for sale, foreclosed homes for sale, and land for sale. You just need to let us know what you are looking for.
We also have access to off market properties with our Dream Home Finder Program, but that is reserved for buyers willing to follow our process. When doing so, you have no bidding wars and wars against other buyers and their agents. It is just between you and the one seller. Gain an advantage by talking with us today!
With the Wizards of Real Estate, you can customize your home search to help find the right place for you, from the location you love, prices, size of the yard, garages, all the way to the number of bedrooms and bathrooms. You can get even more specific with keyword search. Want to know what life in Appleton is like?
Try checking out our interactive maps, photos, and school information. And when you're ready to talk to a real estate agent, Wizards of Real Estate has ratings and reviews written by real estate clients, so you know you are dealing with a top ranking agent!
