November Housing Market Analysis
According to recent data from Realtor.com, the median listing price for homes in Winnebago County stood at $317,450 during November. This represents a 4.5% decline from the previous month's figure of $332,400.
When compared to the same period last year, November 2024 saw a slight decrease from $319,900. The analysis focuses specifically on properties listed for sale rather than completed transactions.
Property Details and Market Activity
Typical homes in the county measured approximately 1,670 square feet, with a price per square foot of $178. This represents a 2.7% reduction from November 2024 levels.
Market activity remained brisk, with properties spending a median of 41 days on the market. This compares favorably to the national median of 64 days and shows improvement from the previous month's 45-day average. New listings increased by 12.1% year-over-year, reaching 148 properties in November.
Regional and National Context
Across Wisconsin, median home prices reached $375,000, showing a modest decrease from October. Wisconsin properties averaged 1,771 square feet at $208 per square foot.
Nationally, the median home price was $415,000, with properties averaging 1,820 square feet at $222 per square foot. Both figures showed slight declines from previous months.
Methodology Notes
The median price calculation represents the midpoint of all listed properties during the specified period. Industry experts note that median prices provide a more accurate market representation than averages, which can be distorted by extreme values.
It's important to note that Realtor.com data primarily includes single-family homes, condominiums, and townhomes, while excluding most new construction and pending sales.
