Green Bay’s housing market has experienced notable changes, reflecting broader economic trends and local developments. Understanding these shifts is essential for prospective buyers, sellers, and renters.
Current Market Trends
As of March 2026, the average home value in Green Bay stands at $278,024, marking a 5.9% increase over the past year. Homes typically go pending in around 45 days, indicating a moderately paced market. The median sale price is $259,983, with a median list price of $289,900. Inventory levels show 209 homes for sale and 59 new listings as of March 31, 2026.
Rental Market Insights
The rental market in Green Bay remains relatively affordable compared to national averages. The average rent is $1,039, which is significantly lower than the national average of $1,910. This affordability makes Green Bay an attractive option for renters seeking value.
Local Developments
Several initiatives are underway to enhance Green Bay’s housing landscape. The city has approved up to $1.3 million in grants and loans for the Fire Station Flats redevelopment. This project will introduce 85 affordable housing units and a new fire department headquarters on the former Badger Sheet Metal factory site.
Additionally, the Greater Green Bay Habitat for Humanity has launched the Habitat Homestead project, a $4 million development on the city’s east side. This initiative aims to construct 13 new homes, including seven single-family residences and two three-unit townhomes, addressing the region’s critical affordable housing shortage.
Conclusion
Green Bay’s housing market is characterized by steady growth and proactive development efforts. Whether you’re considering buying, renting, or investing, staying informed about these trends and projects will help you make well-informed decisions in this evolving market.