Ellsworth Housing Update: Modest Price Gains, Limited Listings Heading Into Spring
Ellsworth, WI – March 8, 2026 – Home values are edging higher while for-sale inventory remains tight, setting up a competitive early spring market.
Top takeaways
- Typical home value around $323K, up 0.9% year over year.
- About 11 homes listed at the end of January, keeping supply tight.
- Median listing prices are notably higher than last year’s typical values.
Ellsworth’s housing market is entering the early spring season with modest price growth and limited inventory. The Zillow Home Value Index places the typical home value at $323,148 as of January 31, 2026, reflecting a 0.9% increase from a year earlier. While appreciation has slowed compared to the rapid gains of recent years, values continue to edge upward.
Active listings remain lean. Zillow reported 11 homes for sale at the end of January, a small pool that can intensify competition when new buyers enter the market. On Realtor.com, the median listing price is about $364,900, suggesting sellers are testing higher price points, particularly for updated or larger properties.
Statewide context
Recent statewide reporting from the Wisconsin REALTORS Association shows inventories remain below balanced levels, even as price growth has moderated. Seasonal trends typically favor sellers in late spring and summer, with winter sales often closing at slight discounts compared to peak months. That pattern could support firmer pricing locally if new listings do not accelerate.
What’s for sale
Current offerings in Ellsworth include a mix of single-family homes, some price-reduced properties, and options under various price tiers from below $300K to above $400K. Buyers looking for acreage or larger lots will find limited but notable opportunities, while move-in-ready homes appear to command stronger asking prices.
For sellers, constrained inventory may provide leverage, though realistic pricing remains key as buyers weigh affordability and mortgage rates. For buyers, acting quickly on well-priced homes may be important given the small number of active listings.
Are you seeing more showings, price reductions, or multiple-offer situations so far this year?
Sources
https://www.zillow.com/home-values/38368/ellsworth-wi/
https://www.zillow.com/ellsworth-wi/
https://www.realtor.com/realestateandhomes-search/Ellsworth_WI
https://www.weau.com/2026/01/22/report-moderated-housing-market-performance-december-2025/
https://www.wisbusiness.com/wp-content/uploads/2026/02/WRA-January-2026-Housing-Report.pdf