Is Burnett County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Burnett County has remained a Seller's Market.
Key Takeaway
Burnett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burnett County, WI
How much do homes in Burnett County, WI cost?
Median Sold Price
$285,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Burnett County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Burnett County was $285,000 in June 2024, up 5.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $157.2K | +8.4% |
| 2 Bedrooms | $230K | $265K | +15.2% |
| 3 Bedrooms | $271K | $285K | +5.2% |
| 4 Bedrooms | $317.5K | $350K | +10.2% |
| 5+ Bedrooms | $405K | $355K | -12.3% |
Summary: Burnett County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Counties
| Pine County | $246K | $265.1K | +7.8% |
| Polk County | $282.3K | $300K | +6.2% |
| Burnett County | $269.7K | $285K | +5.7% |
| Chisago County | $345.6K | $364.2K | +5.4% |
| Washburn County | $327K | $313.7K | -4.1% |
Housing Supply in Burnett County, WI
How many homes are available in Burnett County, WI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 201 | 216 | +7.5% |
Summary: The Burnett County real estate market had 216 homes for sale in June 2024, a 7.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 14 | +40.0% |
| 2 Bedrooms | 68 | 63 | -7.4% |
| 3 Bedrooms | 76 | 85 | +11.8% |
| 4 Bedrooms | 29 | 37 | +27.6% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Burnett County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnett County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Burnett County in June 2024, down by 7.0% month-over-month. Of the 40 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 36 Days | -19.3% |
Summary: Homes in Burnett County had an average of 36 days on market in Jun 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burnett County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 40 homes were sold in Burnett County; 25% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
