Bayfield and Madeline Island Real Estate Sales, July 2025

Huge uptick in sales around Bayfield last month. Still no closings of single family homes in the city limits, but there were two condo sales in the city, another condo in Port Superior, another condo in Brickyard Creek, and three other single family homes outside of the city. 

If you’re looking for a condo in Bayfield, they’ve been selling pretty quickly. Both units that sold last month were off the market in 5 days. One on 2nd St sold for asking, $295,000; the other on 1st St in the complex adjacent the Bayfield Inn on the lake, sold for $430,000, $31,000 above asking. Both were cash sales. The condo in Port Suprior sold for much less, $120,000 ($29,000 below asking) and took much longer to sell: 118 days. In Brickyard Creek, 37475 Sophie Ln, a small albeit gorgeous home that’s only five years old, sold for $370,000. Prices have been ticking upward for condos in Brickyard Creek, and it’s understandable; with deeded beach access and private, natural settings close to Bayfield, there’s a lot to like. 

Otherwise, a modest two bed, two bath home just east of 13 on Bressette Hill Rd, sold for $250,000—a very reasonable price for a home around here. At 1,054 sq ft, it is on the smaller side, but the home offers a ton of future potential. 

On the island, two properties sold. On the lower end of the spectrum, an aesthetically dated condo in town sold in 2 days for $200,000, $10,000 above list. On 9 acres on the north side of the island, a gorgeous 4 bed, 2 bath home with almost a lodge feel to it, one with 413 ft of Lake Superior frontage, sold for $950,000, less that the 1.15 million the owners initially were asking, It’s one of seven homes that have sold for more than $900,000 in the last five years, one of 28 that’s sold for more than half a million. In fact, the average sale price on the island in the last five years has been a whopping $466,000. 

Landwise, a 30 acre parcel on Peterson Hill Rd in Russell sold at $4,667/acre; it’d been on the market for 252 days. In the city of Bayfield, a 1/3 of acre lot on S 4th St sold for $25,000, a solid price for a lot in town. It was priced to sell quickly and did in 10 days. 

Bayfield Real Estate Market Update: June 2023

Overview of Sales Trends

Bayfield sales have been slow for the most part this year. However, yearly sales so far are up slightly compared to last year. June wasn’t an exception to this trend. The three single-family home sales in June marked the monthly high point of the year.

Details of Home Sales

Each of the three homes sold includes:

• 93355 Rowley Rd: A small cabin on 10 acres.

• 134 S 10th St.: A modest rambler on a 1/3 of an acre lot.

• 34955 County Hwy J: This property is particularly interesting due to its sale pace after a change in listing firm and a significant price decrease.

  
  

The property on County J was initially listed last May for $479,900. It underwent a series of price drops before the listing expired in early May. Shortly after, it returned to the market for approximately $25,000 less, at $399,000. Remarkably, it sold rapidly—in just three days. Although it didn’t sell for the asking price, it came close at $397,000. It seems the price was finally right.

Market Prices in June

June marked the only month this year where the average and median sales prices dipped below $300,000, recording $253,000 and $295,000, respectively. However, it’s essential to take this data with a grain of salt. The small cabin on Rowley Rd sold for only $67,000, which significantly impacted the averages.

Commercial Sales

In the commercial sector, the Lighthouse gift shop at the end of Rittenhouse, a property with dock access and lake frontage, sold for $1.5 million. This sale highlights the ongoing interest in commercial properties in the area.

Island Sales Activity

On the island, a condo in downtown La Pointe sold for $219,000 and was on the market for a quick five days. It’s been a slow year for sales on the island, especially when compared to the series of high-end sales that marked 2024. However, listings have increased over the last two months. As summer closes and we head into fall, we can expect sales to pick up in this direction.

Future Outlook

As we look ahead, the Bayfield real estate market may see changes. The increase in listings could lead to more sales as the season transitions. It’s crucial for potential buyers and sellers to stay informed about market trends.

In summary, while June showed some positive signs with three home sales, the overall market remains cautious. The fluctuations in prices and the impact of commercial sales will be interesting to watch as we move forward.

For those interested in the Bayfield area, it’s essential to keep an eye on these trends. The real estate market can change quickly, and being informed is key to making the best decisions.

Washburn, Wisconsin Real Estate Sales: JUNE 2025

Washburn’s been the hottest market around the bay this year. Second only to Ashland in number of sales, Washburn remains a destination for people wanting to live and play around the Bay. 

Last month, six single family homes sold. Half of those homes sold at 80-87% of asking price. So while Washburn’s popular, some sellers continue to reach beyond the current market. Otherwise, the other three homes sold above asking. On the city’s main drag, 410 E Bayfield St., a cute little one story home with an oversized lot of .6 acres, sold in three days and for $4,000 above asking; just outside of the city, a modest country home in good condition (although with dated interior features) sold in only two days. On approximately 5 private acres, the buyers of this home paid $11,000 more than the sellers were initially asking. 

Otherwise, a beautiful home near Valhalla and the Pub and Grub on Freedom Valley Dr, one with a charming yet upscale cabin vibe, sat on the market a little longer, 63 days, yet too sold above asking, a whopping $100 above. 

Landwise, a commercial lot next to the Fat Radish, one that was literally on the market for years, sold for $29,500. A 30 acre parcel on McCulloch Rd in Bayview sold in three days and another roughly 19 acre parcel on Westgate Rd sold for $139,000 in ten days. Each of the land sales was a CASH sale. Pretty common with land around here.