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 buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bayfield County, WI

How much do homes in Bayfield County, WI cost?

Median Sold Price

$280,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$49,000(-14.9%)

Key Takeaway

Homes in Bayfield County have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in Bayfield County was $280,000 in April 2024, down 14.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $90K$210K
+133.3%
2 $275K$247.5K
-10.0%
3 $350K$303K
-13.4%
4 $310K$350K
+12.9%
5+ $2.6M$320K
-87.7%

Summary: Bayfield County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 133.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 87.7%.

Median Sold Price Compared To Nearby Counties

Douglas County
0%
Bayfield County
-14.9%
Ashland County
-24.2%

Housing Supply in Bayfield County, WI

How many homes are available in Bayfield County, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
95125+31.6%

Summary: The Bayfield County real estate market had 125 homes for sale in April 2024, a 31.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 913
+44.4%
2 2030
+50.0%
3 3651
+41.7%
4 2020
0.0%
5+ 1011
+10.0%

Summary: The Bayfield County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Bayfield County in April 2024, up by 40.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Bayfield County, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Bayfield County, WI

Nearby Markets to Bayfield County, WI

What housing markets are near Bayfield County, WI?