$59,000
6.51 Acres
Land
#6617705, Bruce Olson, Listing Office: Outdoors Realty
Is Bone Lake, 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, Bone Lake was a Neutral Market.
Key Takeaway
Bone Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bone Lake, WI
How much do homes in Bone Lake, WI cost?
Median Sold Price
$290,000
$241/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$139,000(-32.4%)
Key Takeaway
Homes in Bone Lake have sold for 32.4% less than they did a month ago.
Summary: The median home sold price in Bone Lake was $290,000 in October 2024, down 32.4% from last month, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $429K | $290K | -32.4% |
| 4 Bedrooms | - | $310K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Bone Lake housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bone Lake, WI
How many homes are available in Bone Lake, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Bone Lake real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bone Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bone Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bone Lake in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Bone Lake, WI
How long does it take to sell a home in Bone Lake, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 46 Days | -42.1% |
Summary: Homes in Bone Lake had an average of 46 days on market in Oct 2024, down by 42.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bone Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Bone Lake; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
