South Shore Real Estate Sales, June 2025

Of the whopping 9 single family home sales along the south shore this year, 4 of them happened just last month. Two in Herbster, two in Port Wing; Cornucopia, for the fifth month in a row, had no single family home sales, although that drought’s probably going to end next month. 

Both homes that sold in Port Wing sold below asking. 83145 Washington Ave sold for $225,000 after being on the market for 19 days; and 80240 Morrison Rd, a home on 15 acres, sold for $310,000 after 49 days. 

Homes were a bit more pricey in Herbster, which has been the case for a while now. At $515,000 and $695,000 respectively, these sales demonstrated not just the market strength of Herbster but also that of Lake Superior frontage. Land near Bark Bay and Siskiwit Bay have been and most likely will remain covetable for years to come. 

Landwise, Port Wing saw a couple of parcels sell, disparate in composition but equal in price. One, an inland parcel of 160 acres between Port Wing and Iron River on Port Wing Town Line Road; the other, a 4 acre lot with 308 ft of Lake Superior frontage on Quarry Point Road. The former sold in 160 days; the latter in 31. Both sold for $225,000: the former at $1,406 an acre, the latter at $56,250 an acre. That’s the difference a slice of the big lake will make. 

JUNE REAL ESTATE SALES: ASHLAND, WI

As the market creeps deep into summer, the market’s revealing its typical upward trajectory. Listings throughout Ashland have ticked up each month since March, and while the overall number of closings is down compared to last year at this time—more on that in a later installment—prices are not dipping overall. 

Not by much, but June’s closed sales were the most in Ashland this year. And the average and median sales prices were the highest since January at $238,656 and $210,000 respectively. Only two homes sold below $200,000, a property with a ton of potential on 6th Ave W and a modest home on Willis Ave. Otherwise, each of the remaining seven sales closed above $200,000, the highest sale being a large home, although one honestly in need of some aesthetic upgrades, on Prentice Heights Rd, which sold for $440,000, $35,000 below asking. It was on the market the longest of the sold homes, which is not surprising given its price point. Otherwise, though, houses flew off the market—of the remaining closed sales last month, the most time on the market was 20 days; the average was 7 and the median just 5. 

More homes were also listed last month than in any previous month so far as well, so there’re opportunities for buyers looking for a home in Ashland. 

Landwise, a ten acre parcel on Kelly Rd sold at $14,000 an acre, and a .3 acre lot on 11th Ave W sold for $12,500. 

Otherwise, a few duplexes sold ranging in price from $146,500 to $185,000, pretty standard for duplexes the last few years. 

ASHLAND, WISCONSIN REAL ESTATE SALES: JUNE 2025

Summer 2025 Market Update

Interested in how the market has changed from last year? Birdhouse dug in to listings and sales across Ashland and Bayfield counties these last six months and measured them against 2024's first six months.

From a county perspective, sales in Ashland County have slowed dramatically, down 29% from last year. Such is the case for most municipalities in the county. As far as prices, though, while down 5% overall from last year, the city of Ashland's median sale price is up 2% from last year. It's taking much longer for homes to sell. While both average and median days on market for the city of Ashland are up--and overall closings are down--prices are steady. That said, the rest of the county is down in both sales and prices, most dramatically in La Pointe and Mellen, two municipalities that saw peak sales in 2024.

In Bayfield County, sales are down 10%. Bayfield itself, though, is up: in sales and median price. Really, it comes down to water, primarily. Iron River's inland lakes are selling well, as are those throughout Delta, Drummond, Grand View, and Cable. The same goes for Lake Superior frontage in Herbster.

Above all, Washburn is central. More homes have closed in Washburn this year than any other municipality in Bayfield County. It's the only municipality in the county where a rise in closings has matched a rise in sales. Further, median sale price has risen 46% and both average and median days on market have dropped as well. Property in Washburn is coveted--and honestly, there's a lot to like--and I don't see that slowing.

Check out some of the finer details in Birdhouse's market report for the halfway point of 2025.

Summer Market Report .pdf

Download PDF • 1.35MB