Month: September 2023

Now is a fantastic time to sell your house, because homes are selling quickly and for top dollar. In fact, 71% of Brown County WI homes sold for more than asking price in August 2023, according to the latest housing market report. Homes in Brown County sold for 13% more in August 2023 than August 2022. The median price of $289,997 was $33,144 higher than last year. The median price per square foot was $161 in August 2023. That’s great news for people looking to sell their home. So much depends on the price, size, condition, updates, staging and location. As I work with home buyers and sellers in the Green Bay area, I can attest to the fast-moving real estate market in Northeast Wisconsin. Every moment counts! Homes priced between $250,000 and $350,000 are selling for over asking, because the inventory is so low in this price range. It’s definitely the sweet spot for many first-time home buyers.

The Seller’s Advantage: A Success Story in Green Bay

Let me give you an example. I listed an East Side Green Bay home that was beautifully staged, recently updated, and in immaculate condition. (Read my article, 6 Helpful Hints to Prepare Your Home for a Successful Sale) I listed the home for $279,900 and showed the home 20 times. The homeowners had nine offers to consider, and accepted an offer of $295,900. It’s definitely a seller’s market when homes are priced appropriately in this price range.

Low Commissions: Express Realty Benefits Sellers

Let me give you a couple more examples. I also listed and sold two homes priced above $700,000 that closed in August. A home on Muirwood in Green Bay was listed for $775,000 and had an accepted offer for $750,000 in just four days. A house on Monarch in West De Pere was listed for $650,000 and sold for $700,000 in just one day. 

These sellers aren’t just earning more for their homes, they’re also saving money on commission. Express Realty saves sellers an average of $8,000 in real estate commission by charging 3.5% versus 6%. I saved these three clients $45,625 in real estate commissions, and provided all of the services they needed for a successful home sale.  

The Monarch home seller hit it right on the head with his Google review:

“When we decided to sell our home, we felt that paying 6% in commission was crazy. Terri (Balistriere) did a great job and presented our home very professionally on the MLS for nearly half the commission of other realtors. It sold in one day for more than asking price.”

-David Landwehr

Real Estate Market Analysis: Brown County’s Data

Looking more closely at the housing market data, a couple of statistics stand out. A total of 225 homes were sold or pending sale in August 2023 in Brown County, which was a 6% decrease from July. Of the 225 sold homes, 71% were sold over asking, 13% were sold at asking, and 16% were sold under asking. 

Compared to August 2022, the home price of 1-bedroom homes increased by 29.8%, 2-bedroom home prices increased by 11.6%, 3-bedroom home prices increased by 15.1%, 4-bedroom home prices increased by 8.2%, and 5+ bedroom home prices increased by 24%.

Additionally, Brown County homes recorded the highest median sold price among neighboring counties. Brown County homes sold for a median price of $289,900, compared with Outagamie County at $274,900; Kewaunee County at $266,000; Manitowoc County at $199,600; and Shawano County at $187,000. Each county recorded double-digit increases in price from one year ago. Kewaunee County housing prices experienced the biggest jump of 26%, from $210,000 to $266,000 from August 2022 to August 2023.