Is Shell Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shell Lake has remained a Seller's Market.
Housing Prices in Shell Lake, WI
How much do homes in Shell Lake, WI cost?
Median Sold Price
$285,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shell Lake was $285,000 in April 2024, up 35.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $285K | +42.5% |
3 Bedrooms | $202K | $214K | +5.9% |
4 Bedrooms | $265K | $285K | +7.5% |
5+ Bedrooms | $782.5K | - | N/A |
Summary: Shell Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Housing Supply in Shell Lake, WI
How many homes are available in Shell Lake, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Shell Lake real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shell Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Shell Lake in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Shell Lake, WI
How long does it take to sell a home in Shell Lake, WI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 52 Days | +20.9% |
Summary: Homes in Shell Lake had an average of 52 days on market in Apr 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Shell Lake; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.