Are you buying or selling a home in Wisconsin? Here's what $300,000 can get you across the state

Alex Groth, Milwaukee Journal Sentinel
Updated ·3 min read
In Wisconsin, a shortage of supply is driving up home prices.
In Wisconsin, a shortage of supply is driving up home prices.

In Wisconsin, home prices have soared since the pandemic, affecting communities in urban and rural areas alike. The median home price in Wisconsin jumped 6% year-over-year in May, with homes selling at a median price of $297,100, according to Redfin.

But at the same time, the number of homes sold fell 20.9% year over year and the number of homes for sale fell 24.3%. There were 5,583 homes sold in May this year, down from 7,054 homes sold in May last year.

Are you planning on navigating the housing market right now? Take a look at what the median home price can get you in a handful of Wisconsin communities.

Milwaukee

Located at 3920 S. 5th Pl. the listing features a living room with hardwood floors and a tucked away space with a full dining area.
Located at 3920 S. 5th Pl. the listing features a living room with hardwood floors and a tucked away space with a full dining area.

Prospective homebuyers in Milwaukee can take a look at a cape cod- style home at 3920 S. 5th Place. Listed for $249,000, the home features three bedrooms and three bathrooms.

The upper level offers a loft space, which could be ideal for a playroom or office. The home is across the street from the Garden District community and is a short drive from downtown Bay View's shops and restaurants.

Madison

Listed for $315,00, the home features extensive organic gardens in the back and green space in the front of the home
Listed for $315,00, the home features extensive organic gardens in the back and green space in the front of the home

If you have a green thumb, you might be interested in this Madison ranch-style home with extensive organic gardens in the back and green space in the front of the home.

The home, at 4338 De Volis Parkway, is listed for $315,000.

Built in 1953, this is a Gunnison home that was featured in Madison's first parade homes in 1952. It offers a partially finished recreation room in the basement and has a detached two-car garage.

Green Bay

Listed for $299,900, this Green Bay condo features two bedroom and two bathrooms.
Listed for $299,900, this Green Bay condo features two bedroom and two bathrooms.

Buyers looking for a condo could be interested in this two-bedroom and two-bathroom listed for $299,900 in Green Bay. The condo features in-unit laundry and a heated garage.

Make sure you check out the clubhouse, fitness center and outdoor patio space. Built in 1999, the property is in the heart of Green Bay where you can walk to nearby restaurants and businesses.

Sheboygan

Located at 4211 S 14th St in Sheboygan, this three-bedroom ranch is located in the Sunnyside subdivision on the south side.
Located at 4211 S 14th St in Sheboygan, this three-bedroom ranch is located in the Sunnyside subdivision on the south side.

Looking to move to Sheboygan? This three-bedroom ranch in the Sunnyside Subdivision on the city's south side could be for you. The home features a fireplace and a kitchen with a walk-in pantry.

This ranch home, at 4211 S. 14th St., is priced at $310,000.

The lower level offers 900 square feet of recreational space and an additional bathroom.

Eau Claire

First built in 1986, this home in Eau Claire offers a complete basement remodel done in the last year and an entire main-level remodel.
First built in 1986, this home in Eau Claire offers a complete basement remodel done in the last year and an entire main-level remodel.

Homebuyers interested in a newly updated home in Eau Claire could take a look at this remodeled two-bedroom home. Built in 1986, the home features plenty of storage space with walk-in closets and a utility room with shelving units.

The house is at 3025 Otis St. and listed for $284,900. It's close to shopping, schools and downtown with access to Interstate 94.

Top 10 metros in Wisconsin with fastest growing home sales price

Here's the top 10 metros in Wisconsin with the fastest growing home sales price, according to Redfin:

  1. Mequon

  2. Fond du Lac

  3. Germantown

  4. Muskego

  5. Sheboygan

  6. Middleton

  7. Sun Prairie

  8. Green Bay

  9. Marshfield

  10. New Richmond

RELATED: Even as sales fall, Wisconsin home prices just keep climbing

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This article originally appeared on Milwaukee Journal Sentinel: Homes for sale in Wisconsin: What $300k will get you in summer 2023