Northwestern Wisconsin home sales brought in top dollar during the summer months. In fact, the Wisconsin Realtors ® Association reports that Barron County home sale prices have been higher on a year-over-year basis during every month of 2022. Rusk County home prices have been higher on a year-over-year basis for every month except February and May.
Here’s how the summer home prices stacked up:
- June median sales price: $265,000
- July median sales price: $257,700
- August median sales price: $240,000
- June median sales price: $184,000
- July median sales price: $210,000
- August median sales price: $230,000
According to preliminary data for September 2022, Barron County home inventory was down 8.1% from August, and Rusk County home inventory was down 10.4%. With fewer homes available on the market, price gains are likely to continue; about half of all home sales are going for list price or above. However, we are seeing some price reductions and price negotiations as well. Much depends on the home itself, the price range and the location.
If you are thinking of buying or selling Northwestern Wisconsin real estate, begin with a market consultation! There is no cost or obligation. Six Lakes Realty is a locally-owned family business with over 40 years of experience. Contact us today for friendly, hometown service!
Six Lakes Realty
Office: (715) 924-4806