$6,044 Closing Credit*
$509,000
1,560 SqFt
3 Beds
•2 Full Baths
#6117324, J Erin hutchinson, Listing Office: Apostle Islands Realty
Is Bayfield County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bayfield County was a Neutral Market.
Key Takeaway
Bayfield County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bayfield County, WI
How much do homes in Bayfield County, WI cost?
Median Sold Price
$304,000
$186/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$68,500(-18.4%)
Key Takeaway
Homes in Bayfield County have sold for 18.4% less than they did a month ago.
Summary: The median home sold price in Bayfield County was $304,000 in November 2024, down 18.4% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $100K | -65.5% |
| 2 Bedrooms | $283.5K | $208.7K | -26.4% |
| 3 Bedrooms | $377.5K | $328K | -13.1% |
| 4 Bedrooms | $425K | $900K | +111.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Bayfield County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 65.5%, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 111.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Ashland County | $115K | $210K | +82.6% |
| Bayfield County | $372.5K | $304K | -18.4% |
Housing Supply in Bayfield County, WI
How many homes are available in Bayfield County, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 123 | -6.1% |
Summary: The Bayfield County real estate market had 123 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 60 | 53 | -11.7% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Bayfield County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bayfield County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bayfield County in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Bayfield County, WI
How long does it take to sell a home in Bayfield County, WI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bayfield County has remained consistent over time.
Summary: During November 2024, 17 homes were sold in Bayfield County; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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