$275,000
0.92 Acres
Land
#1587104, The Germain Group, Listing Office: Woods & Water Realty Inc/Regional Office
Is Washburn County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $184.5K | -7.8% |
| 2 Bedrooms | $285K | $273.2K | -4.1% |
| 3 Bedrooms | $380K | $339K | -10.8% |
| 4 Bedrooms | $453.7K | $418K | -7.9% |
| 5+ Bedrooms | $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 | $265.8K | $290.7K | +9.4% |
| Douglas County | $220.1K | $231K | +4.9% |
| Barron County | $259.9K | $260K | 0.0% |
| Sawyer County | $345K | $341.6K | -1.0% |
| Washburn County | $352K | $308K | -12.5% |
Housing Supply in Washburn County, WI
How many homes are available in Washburn County, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 270 | 270 | 0.0% |
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 19 | -5.0% |
| 2 Bedrooms | 55 | 59 | +7.3% |
| 3 Bedrooms | 116 | 116 | 0.0% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 30 | 28 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 46 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
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.
