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Thursday, Apr 30, 2026

Have Wisconsin home prices doubled in the last three years?

Tom Kertscher / Wisconsin Watch, Wisconsin Watch
no

The median price of a Wisconsin home has increased significantly in the past few years, but it has not doubled.

Median means half the sale prices were higher and half were lower.

The latest full-year figures: 

2025: $325,000

2024: $310,000

2023: $285,000

2022: $265,000

The 2025 median was 23% higher than in 2022.

In each of the first three months of 2026, the median price was higher year-over-year compared with 2025.

The last time the median decreased was in 2011.

Experts say the COVID-19 pandemic and a 2022 interest rate spike in 2022 caused homeowners to postpone or cancel plans to sell. The smaller supply pushed prices higher.

Also, construction costs have risen and new home building has not kept pace with population increases.

In 2023, the Republican-led Legislature and Democratic Gov. Tony Evers allocated $500 million toward loan programs aimed at creating affordable housing.

This fact brief is responsive to conversations such as this one.

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Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by newsrooms in the Gigafact network.

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