Is Washburn County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$325,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Washburn County have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Washburn County was $325,000 in April 2024, up 12.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $159K | -32.1% |
| 2 Bedrooms | $229.9K | $258K | +12.2% |
| 3 Bedrooms | $339K | $350K | +3.2% |
| 4 Bedrooms | $567.5K | $385K | -32.2% |
| 5+ Bedrooms | $1.2M | $565K | -56.2% |
Summary: Washburn County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 32.2%, and 5+ bedroom homes decreased by 56.2%.
Median Sold Price Compared To Nearby Counties
| Washburn County | $290K | $325K | +12.1% |
| Barron County | $240K | $259.9K | +8.3% |
| Douglas County | $219K | $218.9K | 0% |
| Burnett County | $280K | $274.9K | -1.8% |
| Sawyer County | $355K | $332.1K | -6.5% |
Housing Supply in Washburn County, WI
How many homes are available in Washburn County, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 178 | +27.1% |
Summary: The Washburn County real estate market had 178 homes for sale in April 2024, a 27.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 34 | 55 | +61.8% |
| 3 Bedrooms | 56 | 66 | +17.9% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Washburn County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 61.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 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. 39.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Washburn County in April 2024, up by 31.8% month-over-month. Of the 28 sold homes, 39% were sold under asking, 36% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 95 Days | +110.5% |
Summary: Homes in Washburn County had an average of 95 days on market in Apr 2024, up by 110.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washburn County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Washburn County; 10% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
