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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayfield County is a neutral's market

Buyer's
Market

Difference Since September 2020

At the same time last year, Bayfield County was a Buyer's Market.

Key Takeaway

Bayfield 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.

How much do homes in Bayfield County, WI cost?

Median Sold Price

$197,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2020

-$129,950(-39.7%)

Key Takeaway

Homes in Bayfield County have sold for 39.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 -$155.5K
N/A
2 $180K$195K
+8.3%
3 $329.9K$284.4K
-13.8%
4 $565K$323K
-42.8%
5+ $1.3M$2.3M
+77.1%

Median Sold Price Compared To Nearby Counties

Washburn County
+10.4%
Douglas County
+8.0%
Sawyer County
-4.8%
Bayfield County
-39.7%

How many homes are available in Bayfield County, WI?

Number of Homes For Sale

Aug 2021Sep 2021%
2019-5.0%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 22
0.0%
2 22
0.0%
3 109
-10.0%
4 33
0.0%
5+ 33
0.0%

Number of Homes Sold

Aug 2021Sep 2021%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayfield County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2020Sep 2021%
181 Days36 Days-80.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Bayfield County, WI

Bayfield County, WI has 19 homes on the market. The number of homes for sale in Bayfield County, WI decreased by 5% between August 2021 and September 2021. In September 2021, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $197,500. This housing market listing prices have changed between August 2021 and September 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 8.3%, prices of 3 bedrooms properties decreased by 13.8%, prices of 4 bedrooms properties decreased by 42.8%, prices of 5 bedrooms properties went up by 77.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 10%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Bayfield County, WI in September 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.

Related Neighborhood Trend Reports