Wisconsin Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

November 1st, 2022
Updated November 1st, 2022

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Wisconsin real estate trends

Real estate trends in Wisconsin | Sellers | Buyers | Investors | The best and worst of Wisconsin | Wisconsin resources

Wisconsin real estate trends (May 2022)

How is the real estate market in Wisconsin?
🏠 Average home value: $268,737
📈 0.36% home value increase month over month
💰 Median sale price: $291,800
⏳ 48 days on the market
🔑 Homes on the market: 8,464
📆 1.3 months of housing inventory
🏦 30-year mortgage rate: 5.58000%
💵 Average income: 63293
State of the market: B
Wisconsin’s real estate market remains fairly active, as turnaround time for sales keeps a steady pace. However, as home values continue to inch downward and inventory starts to pile up, the market trend may shift to a slow cool.
*Data last updated May 2022

Nestled next to the Great Lakes, Wisconsin is known across the nation for its famous cheese industry. Though the state is known as America's Dairyland, its farmers also produce the nation's largest supply of cranberries and ginseng in rural agricultural communities throughout the state.

Beyond agriculture, Wisconsin's biggest industries include healthcare and manufacturing. Its biggest cities include Milwaukee, Madison, and Green Bay, to name a few.

Lakes, forests, valleys, and rolling hills interrupt Wisconsin's sprawling farmlands and provide plenty of opportunities for outdoor recreation.

If you're thinking of buying or selling in Wisconsin, these Wisconsin housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Wisconsin

Wisconsin real estate market forecast for sellers
⏰ Homes are selling 1 days slower than the annual average
💰 Homes are selling for $20,069 more than the annual average
💸 Average listing commission: 3.12%
💸 Average buyer's commission: 2.55%

How to sell a home in Wisconsin

Cost to sell a home in Wisconsin

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Buying a home in Wisconsin

How much home you can buy with $300,000 in...
🏠 Milwaukee: 1,523 sq ft
🏡 Green Bay: 1,322 sq ft
🏡 Madison: 1,415 sq ft
🏠 Appleton: 1,685 sq ft

Investing in Wisconsin real estate

Best of Wisconsin

💡 Did you know…

With an expanding coffee scene and unbeatable prices, Milwaukee is ideal for any coffee fanatic who needs their daily caffeine fix.

» Thirsty for more info? ☕ Read our full study here: The Best Coffee Cities in America

According to Google Trends, Milwaukee ranks #1 in overall interest in brunch cocktails. The city also offers cheap eats, with the average meal only costing $12.75 compared to the national average of $14.71 per plate.

» Hungry for more info? 🍳 Read our full study here: The Best Brunch Cities in America

Each month, we compare locations in Wisconsin based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Wisconsin
1. Dane County
2. Waukesha County
3. Washington County
4. Calumet County
5. Sheboygan County

Ready to buy a home in Wisconsin? Eligible buyers get cash back with Clever!

Worst of Wisconsin

Each month, we compare locations in Wisconsin based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Wisconsin
1. Menominee County
2. Adams County
3. Iron County
4. Juneau County
5. Rusk County

Wisconsin resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Frequently asked questions about Wisconsin real estate

Investing in Wisconsin real estate is a good idea, especially in bigger cities like Milwaukee and Madison, where people are always looking for housing. But to maximize your investment be sure to do the proper research and preparation like planning your finances and creating a property management strategy. Find out more in our guide to investing in real estate.

For most people, now might not be the best time to buy a house in Wisconsin, as listing prices are a bit higher than normal. However, mortgage rates are lower than in other states, meaning that you can save some money over time with a locked-in low rate. To know all your options, work with a reliable real estate agent.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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