Fulton, WI Real Estate

The town of Fulton, Wisconsin is a rural community that is steadily developing. Populated by 3,271 people, the town is home to rural land, farming and urbanized subdivisions. Fulton is located less than 30 minutes from Janesville and 30 miles from Madison for those who need to commute. The area includes beautiful bodies of water including Lake Koshkonong and the Rock River. Friendly and safe, Fulton has an environment to cater any type of lifestyle.

The Fulton area offers a wide-selection of homes for sale. Real estate in the area includes vacation homes with access to Rock River and Lake Koshkonong. Houses on the market include custom built homes with many amenities, remodeled rural Ranches and beautiful waterfront properties.

The area has several Condominium developments that start around $98,000. Several units are uppers and lowers, but there are two-story units with a basement. Condos are also offered as rentals in the area. Homes and apartments are also rental options starting at $300 a month.

Home builders in the area include Natts Construction, Preferred Homes and Eastwood Homes. The average cost of a home is $173,810 with the cost of living 11.08% lower than the U.S. average.

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The Rock River and Lake Koshkonong are the main attractions for recreational opportunities. The Rock River offers fishermen white bass, walleyes, northern pike and catfish during seasonal fishing. Visitors of the river can also paddle and canoe on the gorgeous water. The river is host to the Break in the Weather parties that attracts belly-floppers and water-skiers who want to dash into the ice cold water.

Lake Koshkonong provides excellent scenery for those who fish in the beautiful water. Power boats, pontoon boats and sail boats are just a few of the marine vehicles seen during the summer months. Visitors can water-ski, jet-ski and go tubing to enjoy the warmer days of Wisconsin. The lake has become a popular spot during the winter months. People can be seen ice fishing, riding ATV’s and snowmobiling across the lake. Events such as the Koshkonong Bounty Hunt are held during the winter season and awards prizes for the biggest fish.

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Fulton properties for sale

Market Conditions

Market Conditions for Fulton

August 2017

Median Sale Price
$200,500

 UP 228.68%
vs. Month Ago
Homes for Sale
41

 DOWN -4.65%
vs. Month Ago
Homes Sold
7

 DOWN -36.36%
vs. Month Ago
Avg Days on Market
105

 DOWN -37.50%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $200,500. The median sales price for homes in August rose by $139,500 compared to last month. This represents a 228.68% increase from July. Compared to the same month last year, the median price of homes fell by ($29,400) representing a -12.78% 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 fell by 2 in August to 41. This represents 4.65% decrease from July when 43 homes were on the market. Compared to the same month last year when there were 59 homes for sale, the inventory of homes for sale has fallen by 18 representing a -30.5% 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 inventory of homes for sale fell by 2 in August to 41. This represents 4.65% decrease from July when 43 homes were on the market. Compared to the same month last year when there were 59 homes for sale, the inventory of homes for sale has fallen by 18 representing a -30.5% 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.

Avg Days on Market

The average days on market for a home sold in August (105) decreased by 63 days compared to July. This represents a 37.5% decrease 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 decreased by 24, a -18.6% 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 92.58% in August rose by 6.53% compared to July and increased 2.09% 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 August (10) rose by 3 compared to July, a 42.85% change. Compared to August 2016, the number of new listings increased by 4, a 66.66% 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 August was $162,450. The median list price for homes in August rose by $67,950 compared to last month. This represents a 71.9% increase from July. Compared to the same month last year, the median list price of homes decreased ($38,550) representing a -19.17% year-over-year decrease.

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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