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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washburn County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Washburn County was a Seller's Market.

Key Takeaway

Washburn County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Washburn County, WI

How much do homes in Washburn County, WI cost?

Median Sold Price

$308,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$44,000(-12.5%)

Key Takeaway

Homes in Washburn County have sold for 12.5% less than they did a year ago.

Summary: The median home sold price in Washburn County was $308,000 in October 2024, down 12.5% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$184.5K
-7.8%
2 $285K$273.2K
-4.1%
3 $380K$339K
-10.8%
4 $453.7K$418K
-7.9%
5+ $627K$550K
-12.3%

Summary: Washburn County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Counties

Burnett County
+9.4%
Douglas County
+4.9%
Barron County
0.0%
Sawyer County
-1.0%
Washburn County
-12.5%

Housing Supply in Washburn County, WI

How many homes are available in Washburn County, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2702700.0%

Summary: The Washburn County real estate market had 270 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2019
-5.0%
2 5559
+7.3%
3 116116
0.0%
4 4948
-2.0%
5+ 3028
-6.7%

Summary: The Washburn County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4844-8.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washburn County, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Washburn County in October 2024, down by 8.3% month-over-month. Of the 44 sold homes, 57% were sold under asking, 16% were sold at asking, and 27% were sold over asking.

Days on Market for Washburn County, WI

How long does it take to sell a home in Washburn County, WI?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days46 Days-34.4%

Summary: Homes in Washburn County had an average of 46 days on market in Oct 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washburn County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 44 homes were sold in Washburn County; 11% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

Newest Listings in Washburn County, WI

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