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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnett County is a seller's market

Buyer's
Market

Difference Since October 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

$290,750

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,937(+9.4%)

Key Takeaway

Homes in Burnett County have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Burnett County was $290,750 in October 2024, up 9.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $156K$261K
+67.3%
2 $232.5K$257.5K
+10.8%
3 $282.5K$289K
+2.3%
4 $300K$305K
+1.7%
5+ $320K$720K
+125.0%

Summary: Burnett County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 125%.

Median Sold Price Compared To Nearby Counties

Burnett County
+9.4%
Pine County
+8.6%
Chisago County
+4.1%
Polk County
+4.0%
Washburn County
-12.5%

Housing Supply in Burnett County, WI

How many homes are available in Burnett County, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
233224-3.9%

Summary: The Burnett County real estate market had 224 homes for sale in October 2024, a 3.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1613
-18.8%
2 8075
-6.3%
3 9290
-2.2%
4 3639
+8.3%
5+ 97
-22.2%

Summary: The Burnett County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4644-4.3%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnett County, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Burnett County in October 2024, down by 4.3% month-over-month. Of the 44 sold homes, 52% were sold under asking, 25% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
55 Days63 Days+13.8%

Summary: Homes in Burnett County had an average of 63 days on market in Oct 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Burnett County has remained consistent over time.

Summary: During October 2024, 44 homes were sold in Burnett County; 16% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

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