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Featured local agent — Janesville, WI
Sarah Mitchell
Compass Real Estate · Janesville, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Janesville, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$300,000median sale price
How is the Janesville, WI housing market right now?
The median home sale price in Janesville, WI is $300,000, up 9.1% year-over-year. Homes sell in an average of 47 days with 164 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Janesville a buyer's or seller's market?
Janesville, WI is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
89
Last 12 weeks
Days on market
47
Average pace
Active listings
164
1.8 months supply
Sale-to-list
100.4%
Above asking
What does the Janesville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median list price | $315,000 |
| Year-over-year price change | +9.1% |
| Average days on market | 47 days |
| Active inventory | 164 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 89 |
| New listings (latest month) | 91 |
| Listings with a price cut | 15.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Janesville by property type?
How the Janesville, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $320,000 | $172/sq ft | 67 | 45 days |
| Condo / Co-op | $278,000 | $188/sq ft | 15 | 57 days |
| Townhouse | $153,750 | $133/sq ft | 1 | 106 days |
Source: Redfin · Updated monthly
The Janesville housing market is currently classified as a strong seller's market with a median sale price of $300,000. Prices have risen 9.1% compared to last year, with homes spending an average of 47 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Janesville
There are currently 164 homes listed for sale in Janesville, Wisconsin. The median listing price is $315K.
Active listings
164
Homes on market
Median list price
$315K
Avg. days on market
47
Days until sale
New this week
91
Newly listed
Who lives in Janesville?
Population
65,813
Median income
$71,664/yr
Median age
40 years
Owner-occupied
66.5%
College grads
26.9%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Janesville?
Zillow home value
$300,089
Zillow rent index
$1,214/mo
Price-to-rent ratio
20.6x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Janesville?
Janesville is a community of approximately 66K residents with a median age of 40 years.The median household income is $71,664, which represents a working-class community with solid middle-income opportunities. 26.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Janesville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Janesville?
25 schools tracked · 9,796 students
The largest public schools serving Janesville, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Craig High
Grades 9-12 · 1,467 students
Parker High
Grades 9-12 · 1,291 students
Marshall Middle
Grades 6-8 · 730 students
Edison Middle
Grades 6-8 · 597 students
Franklin Middle
Grades 6-8 · 516 students
Washington Elementary
Grades PK-5 · 408 students
Van Buren Elementary
Grades PK-5 · 405 students
Kennedy Elementary
Grades PK-5 · 391 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Janesville, WI?
Want a head-to-head view? Compare Janesville side-by-side with any other U.S. city using our market-comparison tool.
Is Janesville a good real estate investment market?
For investors evaluating Janesville, the price-to-rent ratio of 20.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Janesville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Janesville's median home price.
Frequently asked questions
What is the average home price in Janesville?
The median home sale price in Janesville is $300,000, up 9.1% from last year.
How long do homes stay on market in Janesville?
Homes typically spend 47 days on market before going under contract.
What is the median income in Janesville?
The median household income is $71,664 per year.
Is Janesville a buyer's or seller's market?
With 1.8 months of supply, Janesville is currently a strong seller's market.
What is the Zillow home value estimate for Janesville?
The Zillow Home Value Index (ZHVI) for Janesville is $300,089, representing the typical home value in the area.
What is the median condo price in Janesville?
The median condo/co-op sale price in Janesville, WI is $278,000, compared to $320,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Janesville?
The median single-family home price in Janesville, WI is $320,000 (about $172 per square foot).
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