Is Burnett County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Burnett County has remained a Seller's Market.
Key Takeaway
Burnett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burnett County, WI
How much do homes in Burnett County, WI cost?
Median Sold Price
$285,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burnett County have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Burnett County was $285,000 in May 2024, up 3.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $172.5K | +19.0% |
| 2 Bedrooms | $237.5K | $245K | +3.2% |
| 3 Bedrooms | $289K | $295K | +2.1% |
| 4 Bedrooms | $337.5K | $345K | +2.2% |
| 5+ Bedrooms | $405K | $355K | -12.3% |
Summary: Burnett County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Counties
| Washburn County | $290K | $344K | +18.6% |
| Pine County | $236.8K | $265.6K | +12.2% |
| Polk County | $275.5K | $301.5K | +9.4% |
| Burnett County | $275K | $285K | +3.6% |
| Chisago County | $347.9K | $360K | +3.5% |
Housing Supply in Burnett County, WI
How many homes are available in Burnett County, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 206 | +16.4% |
Summary: The Burnett County real estate market had 206 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 53 | 70 | +32.1% |
| 3 Bedrooms | 72 | 78 | +8.3% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Burnett County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnett County, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Burnett County in May 2024, up by 5.3% month-over-month. Of the 40 sold homes, 10% were sold under asking, 28% were sold at asking, and 63% were sold over asking.
Days on Market for Burnett County, WI
How long does it take to sell a home in Burnett County, WI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 26 Days | -43.2% |
Summary: Homes in Burnett County had an average of 26 days on market in May 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burnett County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in Burnett County; 28% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
