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

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