Listing Office: Local Realty 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 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $261K | +67.3% |
| 2 Bedrooms | $232.5K | $257.5K | +10.8% |
| 3 Bedrooms | $282.5K | $289K | +2.3% |
| 4 Bedrooms | $300K | $305K | +1.7% |
| 5+ Bedrooms | $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 | $265.8K | $290.7K | +9.4% |
| Pine County | $257K | $279.2K | +8.6% |
| Chisago County | $350.7K | $365.1K | +4.1% |
| Polk County | $293.5K | $305.2K | +4.0% |
| Washburn County | $352K | $308K | -12.5% |
Housing Supply in Burnett County, WI
How many homes are available in Burnett County, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 233 | 224 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 13 | -18.8% |
| 2 Bedrooms | 80 | 75 | -6.3% |
| 3 Bedrooms | 92 | 90 | -2.2% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 9 | 7 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 63 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
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.
