A typical Wood County home fetched $219,900 in October, down 3.8% from $228,650 the previous month, according to an analysis of Realtor.com data.
The median home price in October was up about 44.3% from October 2021. The Wood County median home was 1,887 square feet with a list price of $117 per square foot.
The Wood County market was busy, with a median of 50 days on market. A month earlier, homes had a median of 51 days on the market. The market added 56 new home listings in October, compared to 84 in October 2021. The market ended the month with some 70 home listings for sale.
High interest rates make mortgage payments more expensive. With prevailing mortgage rates and a 20% drop, the mortgage payment on the median Wood County home would cost $1,180 per month, not including insurance, closing costs, homeowners association dues or other costs, according to an analysis by the USA TODAY Network. A month earlier, the median home loan would have been $1,180. A year earlier, the median home loan would have cost $523.
Median home prices published by Realtor.com can exclude many, if not most, homes from a market. Price and volume only represent homes that are single family homes, condominiums or townhouses. They include existing homes, but exclude most new construction as well as current and potential sales.
Information about your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
Across Wisconsin, median home prices were $349,900, same as the previous month. The median Wisconsin home for sale had 1,808 square feet at a list price of $186 per square foot.
In the United States, median home prices were $425,000, down 0.5% from the previous month. The median US home for sale was 1,876 square feet, listed at $218 per square foot.
The median list house price – the midpoint of all houses or units listed over a given time period – is used more often in this report instead of the average list house price because experts say the median provides a more accurate view. of what is happening in a market. To find the average price, all listed home prices are added together and then divided by the number of homes sold. This measure can be distorted by a low or high price.
The USA TODAY Network publishes localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.