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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayfield is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Bayfield has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Bayfield, WI

How much do homes in Bayfield, WI cost?

Median Sold Price

$300,000

$140/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$15,000(-4.8%)

Key Takeaway

Homes in Bayfield have sold for 4.8% less than they did a month ago.

Summary: The median home sold price in Bayfield was $300,000 in April 2024, down 4.8% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$300K
N/A
3 $315K-
N/A
4 --
N/A
5+ --
N/A

Summary: Bayfield housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bayfield, WI

How many homes are available in Bayfield, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1523+53.3%

Summary: The Bayfield real estate market had 23 homes for sale in April 2024, a 53.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 410
+150.0%
4 00
0.0%
5+ 88
0.0%

Summary: The Bayfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Bayfield in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Bayfield, WI

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Bayfield, WI

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