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

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Housing Prices in Burnett County, WI

How much do homes in Burnett County, WI cost?

Housing Market Conditions

Is Burnett 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

Burnett County is a Seller's Market

Difference Since December 2023

At the same time last year, Burnett County was a Neutral Market.

Insight

Burnett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$281,777$194/SqFt
+$10,611
+3.9%

Based on all homes sold in the last 12 months

Insight

Homes in Burnett County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Burnett County was $281,777 in December 2024, up 3.9% from last year, and the median price per square foot was $194.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pine County
+8.9%
Polk County
+5.3%
Chisago County
+3.9%
Burnett County
+3.9%
Washburn County
-7.0%

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.
BedsDec 2023Dec 2024Change YoY
1$172.5K$261K
+51.3%
2$235K$255K
+8.5%
3$290K$285K
-1.7%
4$325K$275K
-15.4%
5$320K$640K
+100.0%

Summary: Burnett County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +51.3%. The home price for 2 bedroom homes increased by +8.5%. The home price for 3 bedroom homes decreased by -1.7%. The home price for 4 bedroom homes decreased by -15.4%. The home price for 5 bedroom homes increased by +100.0%.

Housing supply in Burnett County, WI

How many homes are available in Burnett 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
183Last MonthDec 2024
1692 months agoNov 2024
+8.3 %
Change MoMNov – Dec

Summary: The Burnett County real estate market had 183 homes for sale in Dec 2024, a 8.3 % increase 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
31Last MonthDec 2024
192 months agoNov 2024
+63.2 %
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
11018
+80.0%
27174
+4.2%
36358
-7.9%
42330
+30.4%
523
+50.0%

Summary: Burnett County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +80.0%. The inventory for 2 bedroom homes increased by +4.2%. The inventory for 3 bedroom homes decreased by -7.9%. The inventory for 4 bedroom homes increased by +30.4%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Burnett 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 Price5 Homes

At Asking Price7 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Burnett County, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Burnett County in December 2024, up by 63.2% month-over-month. Of the 31 sold homes, 61% were sold under asking, 23% were sold at asking, and and 16% were sold over asking.

Days on Market for Burnett County, WI

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

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days6 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Burnett County has remained consistent over time.

Summary: During December 2024, 31 homes were sold in Burnett County; 16% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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.
This Year1 year agoChange YoY
73 DaysThis YearDec 2024
49 Days1 year agoDec 2023
+50.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Burnett County had an average listing age of 73 days in Dec 2024, up by 50.0% compared to the previous year.

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Newest Listings in Burnett County, WI

What homes are available in Burnett County, WI?

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., Wisconsin Real Estate Exchange, and Lake Superior Area MLS for the period 01/01/2023 - 01/01/2025

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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.
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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.
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.