June 2023 Market Update on Real Estate Trends for Western Wisconsin Communities

If you live in the communities of Clear Lake, Amery, or Osceola, Wisconsin, you might have a lot of questions about the real estate in our area. Is it a good time to put my property on the market? Is it financially wise for me to buy a home? If I do want to buy a home, do I even have a chance at getting what I want? How are inventory levels? What listings are available? So many questions!

Real estate is an ever-changing landscape, and it’s difficult for someone not in the business to research and navigate the questions. That’s why you need a professional.

At Compass Realty Group, we have agents who can answer your questions and give you information on questions you didn’t even think of asking!

Let’s take an overview look at the residential real estate trends in our area, now that May 2023 numbers are in.

Small Numbers for Clear Lake

Let’s start this month’s market report by looking at the Clear Lake area.

Inventory in the community of Clear Lake continues to be low. This makes it difficult to get any numbers that actually tell the story of the real estate landscape.

There were just four active listings on the market in May. That is the same number as the previous year, in May 2022. 

With those four listings, the median listing price was $379,000.

Compass Realty Group would really like to see this number increase. So, if you are a Clear Lake resident and are thinking about putting your home on the market, please contact us.

Amery Sees Numbers Decrease Across the Board

Let’s break down some statistics of homes listed and sold in Amery throughout the month of May. 

For active listings, there were 9 properties. That number held steady from the previous month, with just 10% fewer. And the number of active listings decreased by 50% when compared to the previous year.

The number of homes sold in Amery in May 2023 was 8. This statistic also saw a reduction. The number of units sold at the same time the previous year was 14.

Properties listed in Amery continue to sell fast, due to low inventory. The average days a property was on the market was eight days.

The median listing price in Amery was $269,000, with the median sale price coming in at $245,000. That median sale price is down from the previous month of April when the median sale price was $351,000.

Osceola Numbers

There were 17 active listings in May 2023. This is down 19% from the previous month and down 48% compared to the same time the previous year.

The median listing price for properties in this county was $322,000. This median sale price was in decrease when compared to the previous month ($325,000), but higher than the same time the previous year ($297,000).

The median sale price was $329,000. The median sale price was based on the 6 properties sold in Osceola in May. 

The average days on the market slightly decreased for Osceola properties. Units were on the market for an average of 29 days in May. That’s slightly quicker than the average of 34 days the previous year.

We Know the Market

At Compass Realty Group, we know the market. If you have real estate questions, we have the answers to help you make big life decisions. Need trend information from another area not mentioned in this post? We can get the real estate trends for other communities for you! Please call Alison Blanchard at (228) 363-2478 for help and information.