Is Burnett County, 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, Burnett County has remained a Seller's Market.
Housing Prices in Burnett County, WI
How much do homes in Burnett County, WI cost?
Median Sold Price
$274,973
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burnett County was $274,973 in April 2024, down 1.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.2K | $188.7K | +29.1% |
2 Bedrooms | $277.5K | $235.5K | -15.1% |
3 Bedrooms | $289K | $285K | -1.4% |
4 Bedrooms | $350K | $320K | -8.6% |
5+ Bedrooms | $417.5K | $330K | -21.0% |
Summary: Burnett County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
Washburn County | $290K | $325K | +12.1% |
Pine County | $238K | $261.7K | +10.0% |
Polk County | $275K | $301.3K | +9.6% |
Chisago County | $348.9K | $357.2K | +2.4% |
Burnett County | $280K | $274.9K | -1.8% |
Housing Supply in Burnett County, WI
How many homes are available in Burnett County, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
162 | 182 | +12.3% |
Summary: The Burnett County real estate market had 182 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 54 | 54 | 0.0% |
3 Bedrooms | 63 | 75 | +19.0% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Burnett County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 37 | +48.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Burnett County in April 2024, up by 48.0% month-over-month. Of the 37 sold homes, 41% were sold under asking, 16% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 44 Days | -36.7% |
Summary: Homes in Burnett County had an average of 44 days on market in Apr 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Burnett County; 16% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.