Is Bayfield County, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayfield County is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Bayfield County has remained a Neutral Market.

Key Takeaway

Bayfield County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bayfield County, WI

How much do homes in Bayfield County, WI cost?

Median Sold Price

$375,000

$216/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$85,000(+29.3%)

Key Takeaway

Homes in Bayfield County have sold for 29.3% more than they did a month ago.

Summary: The median home sold price in Bayfield County was $375,000 in October 2024, up 29.3% from last month, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $270K$290K
+7.4%
2 $244.5K$283.5K
+16.0%
3 $387.5K$390K
+0.6%
4 $788K$425K
-46.1%
5+ --
N/A

Summary: Bayfield County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 46.1%, and 5+ bedroom homes did not change.

Housing Supply in Bayfield County, WI

How many homes are available in Bayfield County, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
143132-7.7%

Summary: The Bayfield County real estate market had 132 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1211
-8.3%
2 3330
-9.1%
3 6661
-7.6%
4 2220
-9.1%
5+ 1010
0.0%

Summary: The Bayfield County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayfield County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Bayfield County in October 2024, down by 17.4% month-over-month. Of the 19 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Bayfield County, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Bayfield County, WI

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What housing markets are near Bayfield County, WI?