Sheboygan County proved to be an outlier among real estate trends in Wisconsin’s southeast district according to a report released this past week by the Wisconsin Realtors Association. Home prices declined while inventory grew and units sold declined month-over-month.
The market climate in Sheboygan County, if judged by the numbers alone, might be shifting towards the buyer, as inventory shot up by 23.8% in January, an outlier in a region where most inventory tightened. However, the number of days on the market in Sheboygan County for those that did sell was down by 9.5%, one of only three of the eight regional counties to see improvement.
An overall tight inventory was implicated as driving January home prices higher and keeping sales flat across Wisconsin. However, Sheboygan County again stood out as the only of the eight regional counties to see a decline in the median price, from $279,900 in January of ‘24, to $270,500 this year, a decline of 3.4%. Most of the region saw increases of over 10%.
The number of units sold also declined in Sheboygan County, a trend shared by Milwaukee and Kenosha Counties as well. In Sheboygan’s case, 81 units had sold during January of ‘24; this year saw a total of 65 homes sold in the same month, a 19.8% drop. By contrast, Ozaukee County saw a 29.4% increase in sales since December.
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