Spring Prairie, WI Real Estate

Spring Prairie, Wisconsin, is a town in Walworth County home to about 2,000 people. It sits at the intersection of Highway 11 and Highway 120 between the cities of Burlington and Elkhorn. Primarily an agricultural community, Spring Prairie’s namesake befits its natural settings.

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Native American tribes such as the Chippewa, Menomonee, Ottawa and Potawatomi once inhabited the land now known as Spring Prairie. After the Black Hawk War, these tribes signed the Treaty of Chicago in 1833, an agreement to leave the area.

In 1836, European traveler Palmer Gardner became the first settler in Spring Prairie.

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Spring Prairie properties for sale

Market Conditions

Market Conditions for Spring Prairie

December 2018

Median Sale Price
$75,000

 UP 66.66%
vs. Month Ago
Homes for Sale
12

  0.00%
vs. Month Ago
Homes Sold
1

  0.00%
vs. Month Ago
Avg Days on Market
70

 UP 400.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in December was $75,000. The median sales price for homes in December rose by $30,000 compared to last month. This represents a 66.66% increase from November. Compared to the same month last year, the median price of homes rose by $75,000 representing a % 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 remained level in December to 12. Compared to the same month last year when there were 7 homes for sale, the inventory of homes for sale has risen by 5 representing a 71.42% 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 remained level in December to 12. Compared to the same month last year when there were 7 homes for sale, the inventory of homes for sale has risen by 5 representing a 71.42% 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 December (70) increased by 56 days compared to November. This represents a 400% 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 70, a % 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 50.03% in December fell by 33.95% compared to November and increased % 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 December (3) fell by 1 compared to November, a 25% change. Compared to December 2017, the number of new listings increased by 1, a 50% 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 December was $799,000. The median list price for homes in December rose by $532,050 compared to last month. This represents a 199.3% increase from November. Compared to the same month last year, the median list price of homes decreased ($98,000) representing a -10.92% 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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