Newly released data from Realtor.com for May shows that potential buyers and sellers in Manitowoc County saw higher home sale prices than the previous month's median of $209,000.
The median home sold for $215,500, an analysis of data from Realtor.com shows. That means May, the most recent month for which figures are available, was up 3.1% from April.
Compared to May 2024, the median home sales price was slightly higher compared to $215,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.jsonline.com.
Here is a breakdown on median sale prices:
In May, the number of recorded sales in Manitowoc County rose by 8% since May 2024 -- from 112 to 121. All residential home sales totaled $32.1 million.
Across Wisconsin, homes sold at a median of $310,548 during May, up 4.3% from $297,725 in April. There were 6,950 recorded sales across the state during May, down 8.7% from 7,609 recorded sales in May 2024.
Here's a breakdown for the full state:
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.