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. 

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