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 seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Bayfield County, WI cost?

Median Sold Price

$275,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$65,000(+31.0%)

Key Takeaway

Homes in Bayfield County have sold for 31% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $188K$133K
-29.3%
2 $160K$257.5K
+60.9%
3 $210K$327.5K
+56.0%
4 $263.5K$264.5K
0.4%
5+ $1.2M$257.5K
-79.1%

Median Sold Price Compared To Nearby Counties

Bayfield County
+31.0%
Sawyer County
+30.4%
Douglas County
+7.7%
Washburn County
-6.7%

How many homes are available in Bayfield County, WI?

Number of Homes For Sale

Sep 2022Oct 2022%
10190-10.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 46
+50.0%
2 2822
-21.4%
3 4542
-6.7%
4 1514
-6.7%
5+ 96
-33.3%

Number of Homes Sold

Sep 2022Oct 2022%
24240.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were 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. 75% of homes here sold below asking price last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Bayfield County, WI

Number of homes for sale in Bayfield County, WI real estate market have reached 90. Between September 2022 and October 2022, Bayfield County, WI real estate market has seen decrease in the number of listings by 10.9%. Listings spent 60 days on the market in October 2022, and had a median list price of $275,000 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices decreased by 29.3%, 2 bedrooms properties became 60.9% more expensive, the cost of 3 bedrooms properties went up by 56%, prices of 4 bedrooms properties went up by 0.4%, prices of 5 bedrooms properties went down by 79.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 50%, the quantity of 2 bedrooms homes went down by 21.4%, volume of 3 bedrooms homes went down by 6.7%, 4 bedrooms homes became 6.7% less available, number of 5 bedrooms homes decreased by 33.3%. While more than 3 listings in Bayfield County, WI in October 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 18 were sold below.

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