Green Bay’s housing market demonstrates how strategic pricing can maintain transaction velocity, with homes selling in a median 35 days compared to 77 days nationally. The metro absorbed 67 homes last week while adding 59 new listings, even as 33.1% of active sellers implemented price reductions.
The Wisconsin metro’s 767 active single-family listings carry a median asking price of $425,000, positioning the market between state ($399,900) and national ($435,000) levels. At $200.1 per square foot, Green Bay homes price below both Wisconsin’s $209.4 and the national $213.1 averages.
Swift sales define local dynamics
Properties in Green Bay spend less than half the time on market compared to national norms. The 35-day median represents a 14-day advantage over Wisconsin’s 49-day state median and cuts the national 77-day figure significantly.
Weekly absorption outpaced new inventory, with 67 homes leaving the market against 59 fresh listings. This positive absorption rate occurs despite inventory levels reaching 2.9 months of supply, nearly matching the national 2.9-month figure while exceeding Wisconsin’s tighter 2.0-month level.
Price corrections shape competitive landscape
One-third of Green Bay sellers adjusted expectations downward, with 33.1% of active listings showing price cuts during the week. Meanwhile, just 0.7% of listings increased prices, indicating broad recognition of market conditions among sellers.
The 8.0% relisted rate suggests most properties moving through the market without cycling back, remaining below the 10% threshold that often signals weakening demand. This combination of price flexibility and low relisting activity helps explain the market’s maintained velocity.
Market indicators point to equilibrium
Green Bay operates in neutral territory according to market balance metrics, avoiding the extremes of buyer or seller dominance. The 2.9 months of inventory provides adequate choice without creating oversupply conditions.
Track the 35-day median DOM as a key performance indicator for the metro’s continued health. Monitor the 33.1% price reduction rate for signs of stabilization or further seller adjustments. Use the weekly absorption-to-new-listing ratio to gauge ongoing demand strength in this balanced market environment.
HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate a housing market report. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.
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