Green Bay’s housing market has experienced notable changes recently, reflecting broader economic trends and local developments. Understanding these shifts is essential for prospective buyers, renters, and investors.
Current Market Trends
As of March 2026, the average home value in Green Bay reached $278,024, marking a 5.9% increase over the past year. Homes typically go pending in around 45 days, indicating a steady demand in the market. The median sale price stands at $259,983, with a median list price of $289,900. These figures suggest a balanced market where buyers and sellers are finding common ground.
Rental Market Insights
The rental sector in Green Bay remains affordable compared to national averages. The average rent is $1,039, significantly lower than the national average of $1,910. This affordability continues to attract a diverse range of residents, from young professionals to retirees.
Local Developments
In April 2026, the City of Green Bay approved up to $1.3 million in grants and loans to support the development of the 85-unit Fire Station Flats apartment building and a new Green Bay Metro Fire headquarters on the former Badger Sheet Metal factory site. This project aims to provide affordable housing options and enhance community services, reflecting the city’s commitment to sustainable growth.
Neighborhood Highlights
Different neighborhoods in Green Bay offer varied housing experiences. For instance, the Westside Green Bay area is very competitive, with homes receiving multiple offers and selling in around 51 days. The median sale price here is $263,000, up 5.2% from the previous year. Conversely, Downtown Green Bay has seen a decrease in median sale prices, now at $183,000, down 34.2% year-over-year, but with a significant reduction in days on market, indicating a potential uptick in demand.
Looking Ahead
While the market shows signs of stabilization, factors such as inventory levels and interest rates will continue to influence trends. Prospective buyers and renters should stay informed and consider working with local real estate professionals to navigate this evolving landscape.
Green Bay’s housing market offers opportunities for various stakeholders. By staying attuned to market dynamics and local developments, individuals can make informed decisions that align with their housing goals.