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