$175,900
36.50 Acres
Land
#1587517, Jeff Iverson, Listing Office: Dane Arthur Real Estate Agency/Birchwood
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
$287,500
$223/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$61,500(+27.2%)
Key Takeaway
Homes in Shell Lake have sold for 27.2% more than they did a month ago.
Summary: The median home sold price in Shell Lake was $287,500 in November 2024, up 27.2% from last month, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $275K | +44.7% |
| 3 Bedrooms | $685K | $430K | -37.2% |
| 4 Bedrooms | $226K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Shell Lake housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.7%, 3 bedroom homes decreased by 37.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shell Lake | $226K | $287.5K | +27.2% |
| Sarona | $393.5K | $463K | +17.7% |
Housing Supply in Shell Lake, WI
How many homes are available in Shell Lake, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Shell Lake real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Shell Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shell Lake, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Shell Lake in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 Days | 29 Days | -79.2% |
Summary: Homes in Shell Lake had an average of 29 days on market in Nov 2024, down by 79.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shell Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Shell Lake; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
