Six weeks ago I wrote a breakdown of the summer market. A lot has happened since — rates moved, inventory tightened further. Here’s the July update, straight from the MLS data pulled this morning.
What the market looks like right now
There are 308 single-family homes actively listed in Kenosha County right now. 150 homes closed in the last 30 days. That puts us at about 2 months of supply — still well below the 5 to 6 months economists define as a balanced market. Sellers still have the leverage.
The median sold price over the last 30 days county-wide is $377,500. Prices vary significantly by area — the city of Kenosha runs lower, while Pleasant Prairie, Salem, and Twin Lakes push the county median up. Either way, the direction is the same: prices are holding.
Median days on market for closed sales: 5 days. If you need two weeks to decide, the house is gone.
Sellers are getting above asking — consistently
Homes in Kenosha County sold at 100.7% of list price on average over the last 30 days, across 150 transactions. 52.7% of homes sold over asking price. Another 13.3% sold at exactly list price. That means roughly 66% of sellers are getting full price or better.
This is not the national story you’re reading in the headlines. Kenosha is its own market.
Where buyers have leverage — and where they don’t
Under $300k: 81 active listings county-wide. That sounds like options until you realize 150 homes just closed in 30 days. The well-priced ones in that range go fast. Get pre-approved before you start looking — in that price tier, you don’t have time to think it over.
Over $400k: 162 active listings. More selection, more room to negotiate, longer days on market for properties that don’t show well or aren’t priced to recent comps. This is where buyers have actual power to ask questions, push on terms, and take their time.
The $300k–$400k middle has 65 active listings right now. That tier is still competitive — homes priced correctly in that range are moving. The ones sitting have a reason: condition, price, or location.
The rate reality
As of July 16, the 30-year fixed rate averaged 6.55% according to Freddie Mac. That’s up from 6.48% when I wrote the last post in early June. Not dramatic, but the wrong direction.
At 6.55%, a $300,000 loan runs about $1,906/month in principal and interest. People keep waiting for rates to come back down to 5%. That’s not the forecast from anyone credible right now. Mid-6% is likely where we stay through the rest of 2026. And while you’re waiting for rates to drop, prices are moving.
The math on waiting rarely works out the way buyers hope it will.
What I’m seeing on deals
I’m working with buyers across multiple price points right now — from first-timers to investors using DSCR financing to keep building their rental portfolios. The investor activity in Kenosha is real. Cash-flowing duplexes and single-family rentals are still penciling out for buyers who know how to structure the deal.
One thing that comes up consistently: inspections are coming back with repairs. That’s the nature of the housing stock here — older homes, deferred maintenance. But we’ve been handling it well. Either the seller agrees to complete the repairs before closing, or we negotiate a credit and the buyer handles it on their own timeline. Buyers aren’t walking into problems they didn’t know about.
The pattern with buyers who close versus buyers who don’t: the ones who close are pre-approved, decisive, and willing to work through the bumps. The ones who don’t are watching listings go pending on their phone while they’re still thinking about it.
Bottom line
This is July in a seller’s market. Inventory is tight. Prices are up year over year. Rates are at 6.55%. If you’re financially ready and planning to stay in SE Wisconsin for the next several years, there’s no obvious reason to wait — because the market isn’t giving you a reason to.
If you’re a seller, you’re still in a strong position. Price it correctly based on actual comps, not Zillow, and a well-priced home in this market moves in a week.
Questions about what your home is worth or whether now is the right time to buy? Reach out at jovannirealty.com or find me on Instagram @jovanni_anzaldi. I’ll give you a straight answer.
Market data sourced from the Kenosha County MLS, pulled July 22, 2026. 150 closed sales in the last 30 days, 308 active single-family listings county-wide as of today. Mortgage rate data from Freddie Mac’s Primary Mortgage Market Survey, week of July 16, 2026.