Is North Prairie, WI 53153 a buyer’s or seller’s market?
North Prairie is a seller’s market. With about 1.7 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The North Prairie housing market right now
In the three months ending August 31, 2026, 36% of homes in North Prairie, WI 53153 sold above their list price, the typical home went under contract in 44 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (34 days then) and the median sale price held steady to $479,792. Overall, North Prairie is less competitive than a year ago, which gives buyers more room.
Within Waukesha County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell less often over asking than in 87%.
Nearby, buyers who want less competition could look at Okauchee 53069 (0% sold over asking) or Wales 53183 (14% sold over asking), while Waukesha 53186 (71% sold over asking) and Butler 53007 (70% sold over asking) are even more competitive.
Run the numbers for 53153
Nearby markets
Big Bend 53103Seller’s market $259 /sq ftBrookfield 53005Seller’s market $239 /sq ftBrookfield 53045Seller’s market $241 /sq ftButler 53007Seller’s market $218 /sq ft Browse all markets →Towns like North Prairie nearby
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Questions about North Prairie real estate
Is North Prairie a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in North Prairie, WI 53153 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in North Prairie?
The typical home went under contract in 44 days in the latest three months.
Do homes in North Prairie sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in North Prairie?
About 1.14% of a home’s value a year in Waukesha County, or roughly $4,560 on a $400,000 home.
What is the median home price in North Prairie?
The median sale price was $479,792 in the three months ending August 31, 2026, about $271 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology