$9,963 Closing Credit*
$839,000
6,000 SqFt
9 Beds
•4 Full Baths, 3 Partial
#1587875, Cory Vanover, Listing Office: Midwest Land Group LLC
Is Burnett County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Burnett County was a Seller's Market.
Key Takeaway
Burnett County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnett County, WI
How much do homes in Burnett County, WI cost?
Median Sold Price
$287,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+4.6%)
Key Takeaway
Homes in Burnett County have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Burnett County was $287,000 in November 2024, up 4.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $261K | +51.3% |
| 2 Bedrooms | $225K | $274.9K | +22.2% |
| 3 Bedrooms | $290K | $285K | -1.7% |
| 4 Bedrooms | $340K | $285K | -16.2% |
| 5+ Bedrooms | $355K | $640K | +80.3% |
Summary: Burnett County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 80.3%.
Median Sold Price Compared To Nearby Counties
| Pine County | $259.4K | $280.9K | +8.3% |
| Burnett County | $274.5K | $287K | +4.6% |
| Chisago County | $352.7K | $367.9K | +4.3% |
| Polk County | $294.6K | $305.2K | +3.6% |
| Washburn County | $350K | $310K | -11.4% |
Housing Supply in Burnett County, WI
How many homes are available in Burnett County, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 203 | 174 | -14.3% |
Summary: The Burnett County real estate market had 174 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 76 | 69 | -9.2% |
| 3 Bedrooms | 80 | 67 | -16.3% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Burnett County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 19 | -59.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnett 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 Burnett County in November 2024, down by 59.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +23.9% |
Summary: Homes in Burnett County had an average of 36 days on market in Nov 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burnett County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Burnett County; 32% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
