Bayfield County Housing Market Report December 2024•Bayfield County, Wisconsin

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Housing Prices in Bayfield County, WI

How much do homes in Bayfield County, WI cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Bayfield County is a Buyer's Market

Difference Since November 2024

Last month, Bayfield County was a Neutral Market.

Insight

Bayfield County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$305,000$320/SqFt
+$1,000
0.3%

Based on all homes sold in December 2024

Insight

The sold price of homes in Bayfield County has remained the same since last month.

Summary: The median home sold price in Bayfield County was $305,000 in December 2024, up 0.3% from last month, and the median price per square foot was $320.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1$100K$285K
+185.0%
2$208.7K$207.7K
-0.5%
3$328K$1.1M
+250.6%
4$900K-
N/A
5--
N/A

Summary: Bayfield County housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes increased by +185.0%. The home price for 2 bedroom homes decreased by -0.5%. The home price for 3 bedroom homes increased by +250.6%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Bayfield County, WI

How many homes are available in Bayfield County, WI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
101Last MonthDec 2024
1132 months agoNov 2024
-10.6 %
Change MoMNov – Dec

Summary: The Bayfield County real estate market had 101 homes for sale in Dec 2024, a 10.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthDec 2024
172 months agoNov 2024
-52.9 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
198
-11.1%
23227
-15.6%
34944
-10.2%
41312
-7.7%
51010
0.0%

Summary: Bayfield County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -11.1%. The inventory for 2 bedroom homes decreased by -15.6%. The inventory for 3 bedroom homes decreased by -10.2%. The inventory for 4 bedroom homes decreased by -7.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Bayfield County, WI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price4 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Bayfield County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Bayfield County in December 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Bayfield County, WI

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 8 homes were sold in Bayfield County; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
5 DaysLast MonthDec 2024
59 Days1 month agoNov 2024
-91.5 %
Change MoMNov – Dec

Summary: Homes in Bayfield County had an average listing age of 5 days in Dec 2024, down by 91.5% compared to the previous month.

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Newest Listings in Bayfield County, WI

What homes are available in Bayfield County, WI?

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Based on information from Wisconsin Real Estate Exchange, NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Lake Superior Area MLS for the period 11/01/2024 - 01/01/2025

© 2025 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.