Wheatland, WI Real Estate

Wheatland, Wisconsin Real Estate

Wheatland, Wisconsin is a town located in Kenosha County. The community is home to 3,373 residents and is primarily agricultural.

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Wheatland offers a quaint, small town charm and offers many local activities by way of lakes and hunting. With over 1,000 acres of hunting grounds, many of the local residents enjoy hunting as their main hobby. Lily Lake entertains water enthusiasts with activities like boating and swimming.

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Wheatland was first settled in the 1840s by German immigrants. The name derives from the area’s primary natural resource.

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Wheatland properties for sale

Market Conditions

Market Conditions for Wheatland

April 2019

Median Sale Price
$887,500

 UP 1297.63%
vs. Month Ago
Homes for Sale
20

 UP 42.85%
vs. Month Ago
Homes Sold
2

 UP 100.00%
vs. Month Ago
Avg Days on Market
418

 UP 124.73%
vs. Month Ago

Median Sale Price

The median sale price for homes in April was $887,500. The median sales price for homes in April rose by $824,000 compared to last month. This represents a 1,297.63% increase from March. Compared to the same month last year, the median price of homes rose by $567,500 representing a 177.34% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale rose by 6 in April to 20. This represents 42.85% increase from March when 14 homes were on the market. Compared to the same month last year when there were 12 homes for sale, the inventory of homes for sale has risen by 8 representing a 66.66% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The 2 homes sold in April was 1 more than in March. This represents a 100% increase in sales from March. Compared to the same month last year, the number of homes sold decreased by 3, a -60% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Avg Days on Market

The average days on market for a home sold in April (418) increased by 232 days compared to March. This represents a 124.73% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 344, a 464.86% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 78.45% in April rose by 11.2% compared to March and decreased 19.3% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in April (9) rose by 5 compared to March, a 125% change. Compared to April 2018, the number of new listings increased by 7, a 350% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in April was $195,000. The median list price for homes in April fell by ($44,950) compared to last month. This represents a 18.73% decrease from March. Compared to the same month last year, the median list price of homes increased $15,100 representing a 8.39% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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