May Sales Report

Relatively low sales continued throughout the Chequamegon Bay area as the spring winds down.

ASHLAND

Real Estate Sales Recap | Ashland, Wisconsin

In May, 7 single family homes closed. Buoyed by the sales of a couple of acreages and a gorgeous victorian home on Chapple, both the average and median sales prices of homes rose sharply from the last few months, the average from $151 to 198, the median $170 to 206. 

Chapple had sat on the market for a bit, 181 days, before selling, but otherwise, the homes sold fairly quickly. To highlight, average days on the market for the seven homes was 47 days; the median, 5. 

A couple of those quick sales, 607 15th Ave W and 1111 Sanborn Ave, sold above initial asking price. They were the only two that did. What was to like? 15th Ave W, while in need of some exterior and yard work, was bright, thoughtfully updated throughout, and priced aggressively at $159,000; the home on Sanborn Ave has a dated interior, but it’s a clean, well maintained home with a newer garage on 1.5 acres, and it too was priced aggressively at $199,900. 

704 Chapple Ave’s sale is on the other end of the scale. It sat on the market for 181 days and sold for 82% of the sellers’ initial asking price, $449,900. Super cool old home, but it’s rare that a home in the gridded portion of Ashland sells above $400K. In fact, only one has: 822 Chapple Ave, which sold for $410,000 last year. 

Another interesting note from last month’s sales: five of the seven sales were CASH sales. 

If you’re interested in multi-family properties, two sold last month. A duplex and a fourplex. Both sold below list; a duplex on 14th Ave W and a fourplex on 6th St W. They sold for $76 and $71 a sq ft. 

No land sales in the area. 

BAYFIELD/LAPOINTE

Real Estate Sales Recap | Bayfield and LaPointe, Wisconsin

For the first time since February, a single family home sold in Bayfield. And two of them!

Each had been on the market a while. An 4+ acre parcel with a modest farmhouse and some storage units up on Trailer Court Rd, sold for $440,000 after coming on the market last April. Sellers initially wanted $589,000. 

Otherwise, on the corner of Rittenhouse and 3rd, a turn of the century with a tuckunder garage sold. With its finished basement, four bedrooms and bathrooms, as well as proximity to downtown Bayfield, there’s a lot to like about this home. It was initially on the market last summer before selling last month. 

Twenty acres off Hwy 13 in Russell sold for $52,000. That’s $2,600 an acre. 

On the island, no residential properties closed last month, but a series of one acre lots on Raspberry Trail, just east of the golf course closed last month. Seller was asking $60,000 an acre; two sold for 52,5; one for 53,5; the last for 54,5. 

Commercially, the Copper Trout closed. Rumor is it’s going to be a deli/sandwich shop, which’ll be a great addition to Bayfield.

SOUTH SHORE

Real Estate Sales Recap | Cornucopia, Herbster, and Port Wing, Wisconsin

Super slow month on the west side of the peninsula. 

Other than a couple of land parcels in Herbster, nothing else closed. 

A five and a half acre parcel on Lenawee Road sold at $8,300 an acre after having been on the market for 277 days. On E Half Mile Rd, a 40 acre parcel sold for $1,800 an acre—a solid deal for land these days—and sold in 8 days. 

Nothing in Port Wing. Nothing in Corny. 

WASHBURN

Real Estate Sales Recap | Washburn, Wisconsin

Want to know two of the hottest streets around Chequamegon Bay? 

3rd St E and Lakeshore Dr in Washburn. 

Also known as Dupont Row of Washburn’s historic district, 3rd St E’s bungalows primarily are highly desirable. Few have been on the market over the last few years, but those that have been have sold quickly and for cash. 

Around the bend of 13 toward Ashland’s Lakeshore Dr. Again, those few homes—primarily those with lakeshore frontage—have as well sold quickly and been purchased with cash. 

Thus was the case with two homes, one on each street, that sold last month. 

210 3rd St E sold the day it was listed. It sold for $299,000. 74520 Lakeshore Dr sold three days after it was listed for $420,000. If you’ve your eye on a place on either street, be prepared to move quickly and aggressively. 

Otherwise, a small acreage on Williamson Road sold for $315,000. It was on the market for 20 days. 

The only property that had been on the market for a bit was 622 W 5th St, a well maintained, updated home on a 1/3 of an acre lot, that ultimately sold for $364,900, down from the sellers’ initial asking price of $424,900. It’d been on the market for 468 days before finally selling last month. 

Landwise, a 15 acre parcel on McKinley road sold for $5,400/an acre. Would make a great little homestead!

April Sales Report

In April, as has been the case throughout 2025, sales around Chequamegon Bay were modest. 

Thirteen single family homes in total sold last month.

Eight of those sold in the gridded portion of Ashland. Buoyed by a couple of sales above $200,000, both the average and median sale price rose from last month. At $151,525 and $170,000 respectively, average and median sales prices last month, although still down slightly from 2024, reflect a slight return to the broader mean. Sales ranged from $46,200 for a small fixer-upper on 6th St W to $215,000 for 807 MacArthur, a home in Ashland’s historic district, a home in need of some attention but one with tremendous potential. Across Lakeshore Dr, a pristine home on St. Claire St. sold for $205,000. These homes were on the market for an average of 36 days, a median of 9. 

Six of those eight homes sold below asking; one sold for asking; one sold slightly above.  On average, the eight homes sold for approximately $10,000 below asking.

Outside the city, an acreage on Hwy G near Moquah sold for $375,000. This acreage, with a modest old farmhouse, numerous outbuildings, both pasture and timber, sold for $35,000 below the sellers’ asking price but $5,000 more than they bought it for a couple of years earlier. 

In Herbster, 88910 Bark Point Rd, a five acre plot with a small cabin plus a bunkhouse sold for above asking in 16 days. It’s the only acreage that sold above asking. Herbster remains hot. 

5492 Hwy 13 in Port Wing, a cabin on 1.24 acres with Lake Superior frontage, sold for $350,000, $45,000 below asking. It took a while to sell, 116 days. 

Across the peninsula, in Washburn, 32410 McCulloch Rd sold. The home’s a bit funky, but it’s on 24.5 acres with a stretch of Onion River frontage running through the parcel. It sold for $400,000, down from $410,000.

On the island, on a little over ten acres, 1570 North Shore Rd, a stunning, bright home with sweeping views of Lake Superior and 600 ft of frontage, sold for $675,000, down from the original asking price of $825,000. 

Landwise, a parcel just down the road of approximately 6 acres, with deeded Lake Superior access, sold for $43,000/acre. 

In Bayfield, a few city lots on Manypenny totaling .41 acres, just on the edge of the city limits, sold for $149,000/acre. On Hwy J, a 7.1 acre parcel sold for $12,000/acre while a 1.5 acre parcel up on Mariner Mile sold for $62,000/acre. No single family homes in Bayfield sold last month; and there are only three currently for sale in the city limits, two of which have been on the market for quite a while now. 

In Port Wing, a 17 acre parcel off Hwy 13 sold at $5,000/acre, far cheaper than land elsewhere last month. But still not cheap. 

Nothing in Corny. 

April Sales Report Chequamegon Bay

March Sales Update

Here’s what sold around Chequamegon Bay in March. 

MARCH SALES UPDATE FROM BEAVER HOLLOW

Six single family homes plus one condominium sold in ASHLAND last month. That’s one more than last month. Setting aside a condo on Lake Shore Drive East—the outlier in the bunch—the four homes sold on average for lower than has been the case for a while now. That average sale price was approximately $135,000. And the median price was even lower, $122,500. Now, keep in mind, this is a sample of only six sales, but it’s something to track in not only Ashland but the region on the whole. Days on the market varied from 2 to 148 days with a median of 32 days.

Of the seven sales, two sold above asking—a condo on Lake Shore Dr E as well as 1212 W 8th St, which ironically sat on the market for 82 days before selling. One sold for list. The remaining four sold below asking; on average, they sold for 78% of initial asking price.

Only WASHBURN saw other sales. A couple more cabins on Superior Ave sold, both again for much less than the Sellers initially asked. Otherwise, the two other single family homes sold above asking price. 230 W 4th St, initially on the market for $99,500, sold for $108,750. 16 E 4th St., on the market for $160,000, sold for $170,00. Each was off the market within a week of listing. The old adage—you can’t underprice a home; you can only overprice it—rings true in Washburn last month. 

Commercially, 431 W Bayfield St on the main drag, sold for $205,000, down from $275,000. It’ll be a pottery shop. 

Landwise, a 40 acre parcel on Old 13 in PORT WING sold for $105,000; that’s $2,625 an acre. 

In BAYFIELD, a 3.8 acre parcel on Old Orchard Ln sold for $118,000, approximately $31,000 an acre; it was only on the market for 6 days and sold for $7,000 less that lot’s Sellers were asking. Otherwise, two small acreages on Peterson Hill Rd both sold for approximately $10,500 an acre. 

Each land sale last month was a cash sale. 

Nothing in HERBSTER.

Nothing in CORNY.

Nothing in LA POINTE.