$55,000
6.00 Acres
Land
#22405386, CECILY DAWSON, Listing Office: Lakeland Realty
Is Vilas County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Vilas County was a Neutral Market.
Key Takeaway
Vilas County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vilas County, WI
How much do homes in Vilas County, WI cost?
Median Sold Price
$525,000
$293/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$20,000(-3.7%)
Key Takeaway
Homes in Vilas County have sold for 3.7% less than they did a month ago.
Summary: The median home sold price in Vilas County was $525,000 in November 2024, down 3.7% from last month, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $565K | $500K | -11.5% |
| 4 Bedrooms | $640K | $525K | -18.0% |
| 5+ Bedrooms | $525K | $1.9M | +274.3% |
Summary: Vilas County 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 did not change, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes increased by 274.3%.
Median Sold Price Compared To Nearby Counties
| Iron County | $113.9K | $140K | +22.9% |
| Vilas County | $545K | $525K | -3.7% |
| Gogebic County | $121K | $87.4K | -27.8% |
Housing Supply in Vilas County, WI
How many homes are available in Vilas County, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Vilas County real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Vilas County 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 increased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vilas County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Vilas County in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Vilas County, WI
How long does it take to sell a home in Vilas County, WI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 Days | 133 Days | -8.3% |
Summary: Homes in Vilas County had an average of 133 days on market in Nov 2024, down by 8.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Vilas County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Vilas County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.