Is Mequon, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mequon has remained a Seller's Market.
Key Takeaway
Mequon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mequon, WI
How much do homes in Mequon, WI cost?
Median Sold Price
$625,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mequon have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Mequon was $625,000 in May 2024, up 25.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153.5K | $170.5K | +11.1% |
| 2 Bedrooms | $350K | $375K | +7.1% |
| 3 Bedrooms | $431K | $525K | +21.8% |
| 4 Bedrooms | $642K | $710K | +10.6% |
| 5+ Bedrooms | $962.6K | $1.1M | +23.4% |
Summary: Mequon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Thiensville | $299.5K | $393K | +31.2% |
| Mequon | $499.5K | $625K | +25.1% |
| Cedarburg | $450K | $470K | +4.4% |
| Bayside | $490.5K | $499.8K | +1.9% |
Housing Supply in Mequon, WI
How many homes are available in Mequon, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 116 | +31.8% |
Summary: The Mequon real estate market had 116 homes for sale in May 2024, a 31.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 34 | 47 | +38.2% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Mequon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mequon, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Mequon in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Mequon, WI
We’re sorry, we don't have information for this market at the moment
