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.

February 2025 Sales Update

In Ashland, only six single family homes closed last month. 1015 Chapple Ave. sold in two days, and this is a crazy outlier, for even including that sale in average data, the average days on market for the six homes sold was 115 days. That’s nearly four months! The Sellers of Chapple were aggressive with its price, asking only $149,000 for a solid old home with a well-maintained interior. It was the only home of the bunch that sold at or above asking; the other five all sold below the Seller’s initial asking price. Ashland's most expensive sale of the month was 50566 Beaser Ave, a spacious modern home sitting on 5.3 acres just south of the city. 

In Washburn, 848 W Bayfield St. was the only single family home that sold last month. This home was last on the market in 2021 when it sold for $114,900. Since then, the owners completed extensive renovations of both the interior and exterior to the point that now, nearly four years later, it sold for $241,000. And quickly. 

In Bayfield, there was only one single family home sale as well: 621 Rittenhouse Ave. This home’s been on and off the market since January of 2024. The Seller initially sought $549,000 then, and after a series of price changes, agreed to sell for $415,000, which is still up quite a bit from what it last sold for in 2017: $267,500. 

Over in Port Wing, a couple of huge acreages sold. 101 acres with a manufactured home sold for $279,000; on Lois Ln—what a great street name!—a 165 acre parcel with a small, 576 sq ft home, sold for what’s maybe the strangest price I’ve ever seen: $291,001, which was exactly what they were asking. 

On the island, 2508 Spirit Ln, a modest home sitting on 20.25 acres, sold in one week for $301,000. If there’s one place around here where real estate’s not showing signs of slowing, it’s Madeline Island. 

Landwise, two disparate parcels in Ashland sold. a .26 acre lot on Toll Rd. sold for $11,900; and a 116 acre parcel on Pearce Rd sold for $155,000. Both sold below asking; both sold for cash. And that’s all for land sales. 

That’s all for February.

Ryan Hogan, Birdhouse Realty, Bayfield, Wisconsin

February 2025