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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnett County is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, Burnett County has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Burnett County, WI

How much do homes in Burnett County, WI cost?

Median Sold Price

$276,966

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$1,500(-0.5%)

Key Takeaway

Homes in Burnett County have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Burnett County was $276,966 in January 2024, down 0.5% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $162.2K$172.5K
+6.3%
2 $258.5K$235.5K
-8.9%
3 $273K$286.2K
+4.9%
4 $389K$340K
-12.6%
5+ $417.5K$320K
-23.4%

Summary: Burnett County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 23.4%.

Median Sold Price Compared To Nearby Counties

Polk County
+8.8%
Pine County
+6.1%
Chisago County
+2.1%
Burnett County
-0.5%

Housing Supply in Burnett County, WI

How many homes are available in Burnett County, WI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
132139+5.3%

Summary: The Burnett County real estate market had 139 homes for sale in January 2024, a 5.3% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1010
0.0%
2 4349
+14.0%
3 5655
-1.8%
4 1919
0.0%
5+ 46
+50.0%

Summary: The Burnett County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnett County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Burnett County in January 2024, down by 27.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.

Days on Market for Burnett County, WI

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

Average Sale Time

Jan 2023Jan 2024CHANGE
47 Days69 Days+46.8%

Summary: Homes in Burnett County had an average of 69 days on market in Jan 2024, up by 46.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Burnett County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 13 homes were sold in Burnett County; 15% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

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