Enjoy another one of my recent blog posts at GoRapids.com…

welcomehomeAs I’m sitting in the office brainstorming ideas for this blog post it becomes apparent that I haven’t talked about our market yet. That leads me into jotting ideas down on the best way to approach a discussion about the homes currently for sale in Wisconsin Rapids.

In the end I’ve decided to break the city up into east and west. If it’s good enough for the school district, it’s good enough for me.

Following is the breakdown for both sides of the river:

East Side:

Total Number of Homes for Sale: 230
Average List Price: $131,890
Most Expensive Home: $1,140,000
Average Number of Days on the Market: 184
Highest Number of Days on the Market: 1058

View all East Side Homes for Sale

West Side:

Total Number of Homes for Sale: 60
Average List Price: $89,343
Most Expensive Home: $475,000
Average Number of Days on the Market: 193
Highest Number of Days on the Market: 653

View all West Side Homes for Sale

Does any of the data jump out at you?

I have a couple observations. First, even though there’s a huge discrepancy between the numbers of homes for sale on the east and west side of town, if you go strictly by population the numbers are indeed similar.

Next, the average list price is substantially higher on the east side of town. Yes there is a million dollar listing, but the data goes deeper than that. The reason for the higher list price is that new homes are being built on the east side at a far faster pace. That does make sense as people continue to move into the Grand Rapids area along with the new subdivisions that are being built in the south eastern part of the city.

Plus many homes on the western side of town were built 30+ years ago when homes and lots were much smaller. New homes being built tend to be 2400+ square feet on lots that average 3 or 4 times the size of lots located in the heart of the city.

The last piece of data that stands out is that homes on the east side of town sell quicker than their counterparts across the river. And this is even with factoring in a home that has been listed for 1058 days.

After all of this, what have we learned? My takeaway is this: If you live on the east side of town and are thinking about selling you are in the better position than someone located on the west side of town.

With everything we’ve heard and been through, real estate in Wisconsin Rapids is really starting to hop. Especially for homes under $130,000.

What I’m noticing is if your home’s list price is over $130,000 your home needs to be move in ready… If not, my suggestion is to modernize before putting it on the market. Would you like suggestions on ways to improve your home? Contact me today by phone at 715.572.8372 or by email at holberga [at] firstweber [dot] com.

Photo Credit

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Thanks for reading my blog about Wisconsin Rapids Real Estate!

Written by Adam Holberg — Wisconsin Rapids Real Estate Agent. You can call/text me at 715.572.8372 or send me an email at holberga [at] firstweber [dot] com.

Since you’re here, why not search for your dream home or see what your home is worth?

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