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Real Estate Prices Down, Sales Up in May

June 11, 2024 at 9:31 am Updated: June 11th, 2024 at 11:29 pm mblagg1
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Brown County real estate prices were down in May compared to May 2023, but the number of sales were up, and the sales were much quicker, according to statistics released today by the Heartland Association of Realtors.  Details below.

Median Sales Price:  $203,000 – down 15.4% vs. May 2023

Median Price per Square Foot:  $124.06 – down 12.1%

Closed Sales:  43 – up 4.9%

Active Listings:  203 – up 53.8%

Months of Inventory:  5.8 – up 2.4 months

Days on Market:  42 – down 26 days

Days to Close:  24 – down 6 days

Total Days:  66 – down 32 days

Median Home Size Sold:  1,624 square feet

Median Year Built:  1981

Closing Price/Original List Price:  93.0%

Price Distribution:

less than $100,000:  21.4%

$100,000 – 199,999:  28.6%

$200,000 – 299,999:  21.4%

$300,000 – 399,999:  11.9%

$400,000 – 499,999:  7.1%

greater than $500,000:  9.5%

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