Janesville, WI Housing Market
AI-powered market intelligence for the Janesville-Beloit, WI metro area.
PropertyIQ Scores
Janesville, WI Market Analysis
Market Overview
Janesville’s PropertyIQ Score of 86/100 positions the market as strong. The score incorporates 12-month home value momentum of 11.36%, 3-month home value momentum of -0.10%, median days on market of 44 days, and a share of listings with a price cut at 18.7%. The data set lists home value year over year at $4, suggesting a minimal annual dollar change even though the 12-month momentum reading is positive.
Against state benchmarks, Janesville compares favorably on several fronts. The median home value of $299,595 is about $40,104 below the state average of $339,699, and the unemployment rate of 2.8% is below the state average of 3.3%. However, the rent index of $1,286 is roughly $199 above the state average of $1,087, and median household income of $75,673 is slightly below the state average of $77,485. There are 297 homes for sale. Population growth is not available in the provided data.
Key Trends
The strongest trend is annual home value momentum. The 12-month momentum of 11.36% is a top score driver and indicates meaningful appreciation over the past year. However, the 3-month momentum of -0.10% and the listed $4 year-over-year home value change point to a flattening in the most recent period. This suggests earlier price gains may be leveling off.
A second trend is the rental market premium relative to the state. Janesville’s rent index of $1,286 exceeds the state average of $1,087 by about $199, even though median home values are lower than the state. That gap may encourage some renters to consider buying and can support investor interest in rental properties.
A third trend is the balance between inventory and buyer demand. With 297 homes for sale, a median of 44 days on market, and 18.7% of listings showing a price cut, the market is active but not extremely tight. The 44-day median and the price-cut share indicate that sellers are adjusting to buyer expectations in some segments.
A fourth trend is relative affordability supported by employment. Median home value is below the state average while unemployment is lower than the state average, and median household income is only slightly below the state average. This creates a comparatively stable environment for owner-occupant demand, though the higher rent index remains a cost pressure for renters.
Who Is This Market For
This market is well suited to first-time buyers and move-up buyers looking for lower home values than the Wisconsin state average. The median home value of $299,595, combined with an unemployment rate of 2.8% and median household income of $75,673, supports moderate owner-occupant purchasing power. The high rent index relative to the state may also motivate renters to transition to ownership.
Buy-and-hold investors may find the rent index of $1,286 attractive relative to the lower median home value, especially with 12-month home value momentum at 11.36%. However, the slightly negative 3-month momentum and 18.7% price-cut share suggest investors should not rely on rapid short-term appreciation. Because population growth is not available in the data, investors or buyers who depend on demographic expansion would need additional research.
Move-up buyers may also benefit from lower home values than the state average and a stable employment base, though income is slightly below the state benchmark. Overall, the market favors buyers and investors who value affordability, rent income potential, and a strong employment picture over rapid recent price growth.
Outlook
The data supports a stable to slightly cooling outlook. Janesville’s 86/100 PropertyIQ Score is anchored by strong 12-month home value momentum of 11.36% and an unemployment rate of 2.8%, both of which underpin demand. But the more recent 3-month momentum of -0.10%, the listed $4 year-over-year home value change, and an 18.7% share of listings with price cuts indicate that price growth may be flattening. With 297 homes for sale and a median of 44 days on market, the market is not showing extreme scarcity. The rent index above the state average could continue to support rental demand, but the absence of population growth data limits any longer-term demand conclusion. The most grounded outlook is steady buyer interest with cooling price momentum unless the 12-month trend reasserts itself.
AI-generated analysis based on current market data. Last updated September 28, 2026.
Get Janesville, WI market updates
Choose your role for tailored insights.
Janesville, WI market data
Janesville, WI Housing Market Overview
Janesville, WI's median home value is $300K, up 11.4% over the past year. Homes here sell in a median 44 days. Its PropertyIQ Score of 86 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Janesville, WI metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Janesville, WI's PropertyIQ Score of 86 ranks among the Midwest's stronger demand signals.
For the Janesville, WI market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 11.4% over the past year.
Explore the interactive map to see how Janesville, WI compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Janesville, WI metro area
ZIP codes in the Janesville, WI metro area
View all 13 →Top markets in WI
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Janesville, WI a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Janesville, WI currently scores 86, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $300K, up 11.4% over the past year. So whether Janesville, WI is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Janesville, WI?
Janesville, WI's PropertyIQ Score is 86, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 86 places Janesville, WI above its state benchmark.
Are home prices in Janesville, WI rising or falling?
Home prices in Janesville, WI are rising. Over the past year, the median home value increased 11.4%, reaching $300K. Over the latest three months, values slipped 0.1%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Janesville, WI's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Janesville, WI?
In Janesville, WI, homes sell in a median of 44 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 19% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Janesville, WI market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.