$5,575 Closing Credit*
$469,500
3,001 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Dane Arthur Real Estate Agency
Is Shell Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Shell Lake has remained a Seller's Market.
Key Takeaway
Shell Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shell Lake, WI
How much do homes in Shell Lake, WI cost?
Median Sold Price
$226,000
$197/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$112,000(-33.1%)
Key Takeaway
Homes in Shell Lake have sold for 33.1% less than they did a month ago.
Summary: The median home sold price in Shell Lake was $226,000 in October 2024, down 33.1% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $190K | N/A |
| 3 Bedrooms | $338K | $685K | +102.7% |
| 4 Bedrooms | $724.9K | $226K | -68.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Shell 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 increased by 102.7%, 4 bedroom homes decreased by 68.8%, and 5+ bedroom homes did not change.
Housing Supply in Shell Lake, WI
How many homes are available in Shell Lake, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Shell Lake real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Shell 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 increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shell Lake, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Shell Lake in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Shell Lake, WI
How long does it take to sell a home in Shell Lake, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 139 Days | +59.1% |
Summary: Homes in Shell Lake had an average of 139 days on market in Oct 2024, up by 59.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Shell Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Shell Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
