Walworth County Real Estate Market Update: January 2025 Insights

by Kim & Joel Reyenga

Walworth County Real Estate Market Update: January 2025 Insights

The Walworth County real estate market is off to a strong start in 2025, with higher home prices, increased inventory, and more closed sales compared to the previous year. Whether you are looking to buy or sell, understanding these trends can help you make informed decisions in today’s evolving market.

As local real estate experts with eXp Realty, Kim & Joel Reyenga provide this comprehensive January 2025 market update to help you navigate the current housing landscape in Lake Geneva, Delavan, Elkhorn, and surrounding communities.

Key Real Estate Market Statistics for Walworth County – January 2025

Market Snapshot (Year-over-Year Changes)

New Listings: 131 (+14.9%)
Closed Sales: 69 (+15.0%)
Median Sales Price: $330,000 (+5.4%)
Percent of Original List Price Received: 92.7% (-3.3%)
Days on Market Until Sale: 65 days (+44.4%)
Inventory – Single-Family Homes: 253 (-0.4%)
Inventory – Townhouses/Condos: 114 (+32.6%)

(Source: Metro MLS, February 2025)

What These Numbers Mean for Buyers and Sellers

The January 2025 market report highlights several key trends:

More homes are being listed for sale, giving buyers more options.
Closed sales have increased, indicating continued buyer demand.
Home prices are rising, though at a slower rate than in previous years.
Properties are spending more time on the market, suggesting a shift toward a more balanced market.
Sellers are accepting slightly lower offers, as indicated by the decrease in the percentage of the original list price received.

Walworth County Real Estate Trends and Analysis

1. Home Prices Continue to Rise but at a Slower Pace

The median home price in Walworth County rose 5.4% year-over-year, reaching $330,000 in January 2025. While this increase shows that home values are still appreciating, it is a more moderate pace compared to the double-digit increases seen in previous years.

What This Means:

For Buyers: Prices are still increasing, but at a more sustainable rate. Now may be a great time to purchase before prices rise further.
For Sellers: Home values remain strong, but proper pricing is crucial to attract buyers in today’s market.

2. Inventory is Increasing, Creating More Opportunities for Buyers

New listings increased by 14.9%, giving buyers more choices.
Townhouse and condo inventory jumped by 32.6%, providing more affordable housing options.
Single-family home inventory remained steady (-0.4%), showing that demand for detached homes is still high.

What This Means:

For Buyers: You now have more options, especially in the townhouse and condo market.
For Sellers: Competition is growing, so staging and pricing your home competitively is more important than ever.

3. Homes Are Taking Longer to Sell

The average days on market rose to 65 days, a 44.4% increase from January 2024.

Why This Matters:

In 2024, homes were selling much faster due to low inventory and high demand.
In 2025, as inventory grows and interest rates fluctuate, buyers are taking longer to make decisions.
This shifts the market toward a more balanced environment between buyers and sellers.

4. Sellers Are Receiving Slightly Lower Offers

In January 2025, sellers received 92.7% of their original list price, down 3.3% from last year.

Key Takeaways:

Sellers may need to negotiate more or adjust pricing expectations.
Pricing competitively and making your home stand out with staging and marketing is essential.
Buyers may have more room for negotiation, particularly on homes that have been on the market for longer periods.

Real Estate Market Outlook for 2025

What to Expect in the Walworth County Housing Market

Continued but Slower Price Growth – Home values are expected to appreciate modestly, likely between 3-6% for the year.
Interest Rate Fluctuations – Mortgage rates remain a key factor in housing demand. A slight drop in rates could bring more buyers into the market.
More Balanced Market Conditions – With rising inventory and longer days on market, bidding wars may decrease, giving buyers more negotiation power.
Luxury and Lakefront Homes Holding Value – High-end homes in Lake Geneva, Fontana, and Delavan Lake continue to be in demand, maintaining strong values.

Should You Buy or Sell in Walworth County in 2025?

Is Now a Good Time to Buy?

Yes, if you want more options and negotiating power.

Buyers have more homes to choose from as inventory increases.
Less competition means you may have room to negotiate on price and closing costs.
Interest rates are expected to fluctuate, so securing a good mortgage rate now could be beneficial.

Is Now a Good Time to Sell?

Yes, but pricing and marketing strategies are crucial.

Home prices are still increasing, making it a great time to sell before appreciation slows.
Properly staged and competitively priced homes are still selling quickly.
More competition means sellers should work with experienced agents to attract buyers.

Work With Local Real Estate Experts: Kim & Joel Reyenga

Whether you’re looking to buy, sell, or invest in Walworth County, having local expertise is key to making smart real estate decisions.

As trusted real estate agents with eXp Realty, Kim & Joel Reyenga provide:

Expert market analysis to help sellers price their homes competitively.
Strong negotiation skills to get buyers the best deal possible.
Access to exclusive listings in Lake Geneva, Elkhorn, Delavan, Fontana, and surrounding areas.
A smooth, stress-free transaction experience with expert guidance every step of the way.