November Housing Market Analysis
Data from Realtor.com indicates the median listing price for homes in Manitowoc County stood at $269,950 during November. This represents a modest decline of 1.6% compared to the $274,225 recorded in the previous month of October.
However, when viewed on a year-over-year basis, the market shows strength. The median list price in November was 8% higher than the $249,900 seen in November of the previous year.
Market Dynamics and Speed
Properties in the county moved relatively quickly. The median time a listing spent on the market was 41 days. This pace is notably faster than the national median of 64 days for November. In October, the local median was slightly quicker at 38 days.
New listings saw a significant drop. Approximately 52 homes were newly listed in November, marking a 31.6% decrease from the 76 new listings entered the market in November of the prior year.
Property Details and Methodology
The typical home listed for sale in Manitowoc County measured 1,654 square feet, with a price per square foot of $165. This per-square-foot cost has increased by 9.5% since November of the preceding year.
It is important to note that the median price figures focus solely on properties listed for sale, not those that have been sold. The data encompasses single-family homes, condominiums, and townhomes, including existing properties but generally excluding new construction and pending sales.
Broader Market Context
Looking at the state level, Wisconsin's median home list price was $375,000 in November, showing a minor decrease from October. The typical Wisconsin listing was 1,771 square feet at $208 per square foot.
Nationally, the median home price was $415,000, also down slightly from the prior month. The average American listing was for a 1,820 square-foot home at $222 per square foot.
Experts emphasize that the median price—the midpoint of all listed prices—provides a more reliable indicator of market conditions than an average, which can be distorted by exceptionally high or low values.
