What’s Happening in the Market?
The housing market in St. Croix County, WI, and the Twin Cities metro area has remained competitive, with strong demand for housing in both suburban and urban areas. Here’s what we’re seeing in 2025:
Interest Rates and Affordability
Interest rates have been a key factor influencing the market. While they remain higher than the historic lows seen in recent years, they have started to stabilize. Buyers are adapting by exploring creative financing options such as adjustable-rate mortgages (ARMs) and seller concessions.
Inventory and Housing Supply
In St. Croix County, the real estate market is also heating up. As of December 2024, the median home price was $391,772, marking a 5.5% increase from the previous year. Homes in the area sold for an average of $194 per square foot.
Home Prices and Value Trends
Home prices have remained steady, with some areas still seeing appreciation, especially in desirable suburbs and luxury markets. Buyers are prioritizing homes that offer energy efficiency, updated interiors, and smart home technology.
What Does This Mean for Buyers?
- Get pre-approved early: With competition still present, having a mortgage pre-approval can give you an edge.
- Be open to different locations: Consider emerging neighborhoods that may offer better value.
- Act fast, but be strategic: Homes are moving quickly, so working with an experienced agent can help you submit strong offers.
What Does This Mean for Sellers
- Now is a great time to sell: With inventory still tight, well-presented homes are attracting multiple offers.
- Stage and update your home: Buyers are looking for turnkey properties, so small updates can boost your home’s appeal.
- Price it right: Overpricing can deter buyers, while competitive pricing can drive strong offers.
Thinking About Buying or Selling? Let’s Talk!
At Divine Real Estate Group, we specialize in guiding clients through every market condition. Whether you’re making your first move or your next, we’re here to help!
Call Us
866-972-7575
Email Us
info@divinerealestategroup.com
