The Heartland Association of Realtors released data from Brown County real estate sales in January 2023. While real estate sales were good, they did cool off a bit compared to January 2022, reflecting the national trend. Some of the highlights:
Median Sales Price: $180,250. Down 8.7% vs. January 2022
Number of Closed Sales: 22. Same as January 2022
Active Listings: 139. Up 80.5%
Months of Inventory: 3.6. Up from 2.0 in January 2022
Median Price per Square Foot: $105.53
Median Home Size: 1,435 square feet
Median Year Built: 1982
Closing Price/Original List Price: 88.6%
Days on Market: 57
Days to Close: 39
Total Days: 96. 21 days fewer than January 2022
The distribution of selling prices in January 2023 was as follows:
$0 – 99,999: 31.8%
$100,000-199,999: 22.7%
$200,000 – 299,999: 18.2%
$300,000 – 399,999: 9.1%
$400,000 – 499,999: -0-
$500,000 – 749,999: 13.6%
$750,000 and over: 4.6%