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BAYFIELD, WI 54814

Real Estate Market Report  ·  Bayfield County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BAYFIELD, WI real estate market (54814) currently shows 18 active listings, with 6 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 179 days last year.

The median listing price has risen 64% year-over-year, from $426,950 to $700,000.

Whether you are buying or selling in BAYFIELD, WI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,810  ·  Density: 7.1/mi²  ·  Median household income: $65,769

Typical home value: $224,089  ·  Homeownership: 73.4%

Market Overview

Active Listings
18
⇧ 12.5% vs 16 last year
Pending
6
33% pending ratio
Median Price
$700,000
⇧ 64% vs $426,950 last year
Average Price
$700,860
⇧ 27.6% vs $549,050 last year
Days on Market
43
⇩ 76% vs 179 days last year

Price Per Square Foot

Median $/sqft
$350
⇧ 67.5% vs $209/sqft last year
Median Home Size
1,457 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 16 last year
  • Days on market: 43 now vs 179 last year

Median & Average Pricing

Year over Year
  • Median: $700,000 (+64% YoY)
  • Average: $700,860 (+27.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 46.5 miles — 107 listings ($47,857,423 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54814Bayfield, WI 548140.0 mi12$9,226,992$749,900$768,916
54891Washburn, WI 5489111.3 mi9$4,972,122$431,725$552,458
54844Herbster, WI 5484414.8 mi5$5,749,750$1,149,950$1,149,950
54865Port Wing, WI 5486522.9 mi3$1,726,566$475,000$575,522
54856Mason, WI 5485630.5 mi6$1,947,150$327,975$324,525
55601Beaver Bay, MN 5560133.4 mi4$1,350,000$337,500$337,500
54839Grand View, WI 5483936.2 mi1$169,900$169,900$169,900
54854Maple, WI 5485438.6 mi1$185,000$185,000$185,000
55614Silver Bay, MN 5561441.8 mi26$7,065,318$171,750$271,743
49938Ironwood, MI 4993844.2 mi27$7,706,880$216,150$285,440
54864Poplar, WI 5486445.1 mi3$1,128,624$423,725$376,208
54821Cable, WI 5482145.3 mi9$6,530,121$378,500$725,569
54550Montreal, WI 5455046.5 mi1$99,000$99,000$99,000

Frequently Asked Questions

How many homes are for sale in BAYFIELD, WI 54814?

As of March 2026, there are 18 active listings in BAYFIELD, WI (zip code 54814), compared to 16 the prior year.

What is the median home price in BAYFIELD, WI 54814?

The median listing price in BAYFIELD, WI 54814 is $700,000 as of March 2026, a 64% increase from $426,950 the prior year.

How long do homes stay on the market in BAYFIELD, WI?

Homes in BAYFIELD, WI 54814 spend an average of 43 days on the market before going under contract, compared to 179 days the prior year.

Is it a seller's or buyer's market in BAYFIELD, WI 54814?

Based on current inventory and days-on-market data as of March 2026, BAYFIELD, WI 54814 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 179 days last year.

How much can I save on real estate commission in BAYFIELD, WI?

With SELL123.com's maximum 3% commission, sellers in BAYFIELD, WI 54814 save an estimated $14,000 compared to a typical 5% commission on the median listing price of $700,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.