Washburn Housing Market Report January 2025•Bayfield County, Wisconsin

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Housing Prices in Washburn, WI

How much do homes in Washburn, WI cost?

Housing Market Conditions

Is Washburn, 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

Washburn is a Seller's Market

Difference Since December 2024

Last month, Washburn was a Buyer's Market.

Insight

Washburn 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.
$210,000$155/SqFt
+$36,225
+20.8%

Based on all homes sold in January 2025

Insight

Homes in Washburn have sold for 20.8% more than they did a month ago.

Summary: The median home sold price in Washburn was $210,000 in January 2025, up 20.8% from last month, and the median price per square foot was $155.

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 2024Jan 2025Change YoY
1--
N/A
2$173.7K-
N/A
3-$48.8K
N/A
4-$230K
N/A
5--
N/A

Summary: Washburn housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Washburn, WI

How many homes are available in Washburn, 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
24Last MonthJan 2025
192 months agoDec 2024
+26.3 %
Change MoMDec – Jan

Summary: The Washburn real estate market had 24 homes for sale in Jan 2025, a 26.3 % increase compared to Dec 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
5Last MonthJan 2025
22 months agoDec 2024
+150.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
144
0.0%
231
-66.7%
3712
+71.4%
446
+50.0%
511
0.0%

Summary: Washburn housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -66.7%. The inventory for 3 bedroom homes increased by +71.4%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Washburn, 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 Price1 Home

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Washburn, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Washburn in January 2025, up by 150.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and and 25% were sold over asking.

Days on Market for Washburn, WI

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Washburn, WI

What homes are available in Washburn, WI?

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Nearby markets

Nearby markets aren't available for Washburn, WI

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MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 12/01/2024 - 02/01/2025

© 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: 2/6/2025, 8:20:52 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: 2/6/2025, 8:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.