Top Large Teams in Wisconsin – Ranked by Volume

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2023 Wisconsin Housing Market Summary

Wisconsin started 2023 with a total of 4,945 single-family homes on the market, with a median home price of $359,000 and an average price per square foot of $215. By the end of the year, inventory had increased to 5,597 homes on the market (+13%), with a median home price of $369,900 (+3%) and an average price per square foot of $218 (+1%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 70 days.

Wisconsin started the year with 29% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 32% of Wisconsin homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Wisconsin started 2023 as a strong seller’s market, with an MAI score of 48; by the end of the year, the MAI had dropped to 40 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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