Is Washburn County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Washburn County was a Seller's Market.
Key Takeaway
Washburn 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.
Housing Prices in Washburn County, WI
How much do homes in Washburn County, WI cost?
Median Sold Price
$340,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washburn County have sold for 25.9% more than they did a year ago.
Summary: The median home sold price in Washburn County was $340,000 in March 2024, up 25.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $155K | -31.0% |
| 2 Bedrooms | $229.9K | $269.5K | +17.2% |
| 3 Bedrooms | $357K | $352K | -1.4% |
| 4 Bedrooms | $660K | $419.7K | -36.4% |
| 5+ Bedrooms | $1.2M | $565K | -56.2% |
Summary: Washburn County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 56.2%.
Median Sold Price Compared To Nearby Counties
| Washburn County | $270K | $340K | +25.9% |
| Douglas County | $210K | $215.7K | +2.7% |
| Barron County | $250K | $256.5K | +2.6% |
| Sawyer County | $351K | $340.5K | -3.0% |
| Burnett County | $279.5K | $270K | -3.4% |
Housing Supply in Washburn County, WI
How many homes are available in Washburn County, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 142 | +18.3% |
Summary: The Washburn County real estate market had 142 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 29 | 35 | +20.7% |
| 3 Bedrooms | 50 | 59 | +18.0% |
| 4 Bedrooms | 18 | 27 | +50.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Washburn County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washburn County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Washburn County in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for Washburn County, WI
How long does it take to sell a home in Washburn County, WI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 125 Days | +257.4% |
Summary: Homes in Washburn County had an average of 125 days on market in Mar 2024, up by 257.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Washburn County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 21 homes were sold in Washburn County; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
