The Kewaunee County real estate market in June 2025 has transitioned into a Neutral Market, signifying more balanced conditions compared to the Seller's Market observed in May. While some aspects indicate a cooling, buyer demand remains present, with notable variations across property types and cities within the county.
Overall Median Home Prices:
Median List Price (County-wide): Approximately $342,400, showing an increase of 7.9% year-over-year.
Median Sale Price (County-wide): There is a notable difference in reported median sale prices for June. One source indicates approximately $195,500, which indicates a 31.4% decrease from May 2025. However, other data for Kewaunee County in June suggests a median sale price of $198,000. This discrepancy highlights potential variations in data collection methods or specific market segments. For comparison, according to data, the median sale price for May 2025 was approximately $325,000, or $275,000 according to Redfin for May. This indicates a substantial month-over-month decline in actual sold prices for June.
Median Price per Square Foot (County-wide): Roughly $183.
Key Market Dynamics:
Market Condition: Kewaunee County is now a Neutral Market, meaning prices are generally reasonable and homes spend a typical amount of time on the market. This marks a shift from May 2025's Seller's Market.
Selling Above Asking Price: The percentage of homes selling above asking price has slightly decreased. In June 2025, 50% of homes sold above the list price (based on 10 sold homes), down from 58.3% in May. This indicates a still competitive but less aggressive bidding environment.
Days on Market: Homes are continuing to sell relatively quickly. The median days on market for May 2025 was 47 days, a slight improvement from the 50 days in April. June specific data for days on market county-wide wasn't explicitly available, but the overall market shift suggests a steady pace.
Inventory: The number of homes for sale in Kewaunee County increased by 3.4% month-over-month, with 60 homes for sale in June 2025 compared to 58 in May. The number of homes sold or pending in June 2025 decreased by 23.1% month-over-month (10 homes sold/pending in June compared to 13 in May).
Variation by City within Kewaunee County (Median Listing Prices - June 2025):
Luxemburg: Continues to be the most expensive, with a median listing home price around $424,900.
Algoma: Median listing home price is approximately $334,900.
Rio Creek: Median listing home price is about $334,900.
Kewaunee (City): Generally remains the most affordable, with a median listing home price around $297,400.
Casco: While the specific median listing price for June 2025 wasn't readily available, the average home value in Casco, WI, was reported at $326,669 as of May 31, 2025.
Trends by Number of Bedrooms (County-wide, June 2025 vs. May 2025):
1 Bedroom: Data for June not specifically provided, but was $207.7K in May.
2 Bedrooms: Decreased by 18.6% to $175,000.
3 Bedrooms: Increased by 38.0% to $501,500.
4 Bedrooms: Increased by 62.9% to $195,500.
5 Bedrooms: Decreased by 27.1% to $255,000.
Conclusion:
The Kewaunee County real estate market in June 2025 demonstrates a cooling from the more intense seller's market conditions seen in prior months. While listing prices generally hold steady or show year-over-year gains, the reported median sold prices for June indicate a significant monthly decline. This suggests that while homes are still selling, buyers may be gaining a bit more leverage, leading to some price adjustments. The increase in inventory and the slight decrease in homes selling above asking price further support this shift towards a more balanced market.