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BAYFIELD, WI 54814

Real Estate Market Report  ·  Bayfield County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇩ 30.8% vs 13 last year
Pending
2
22% pending ratio
Median Price
$749,900
⇧ 65.9% vs $452,000 last year
Average Price
$771,941
⇧ 29.3% vs $597,029 last year
Days on Market
20
⇩ 86.4% vs 147 days last year

Market Context

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

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

Market Analysis

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

The BAYFIELD, WI real estate market (54814) currently shows 9 active listings, with 2 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 20 days on market compared to 147 days last year.

The median listing price has risen 65.9% year-over-year, from $452,000 to $749,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 13 last year
  • Days on market: 20 now vs 147 last year

Median & Average Pricing

Year over Year
  • Median: $749,900 (+65.9% YoY)
  • Average: $771,941 (+29.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 45.2 miles — 88 listings ($34,556,140 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54814Bayfield, WI 548140.0 mi9$6,947,469$749,900$771,941
54891Washburn, WI 5489111.3 mi10$5,038,440$399,000$503,844
54844Herbster, WI 5484414.8 mi3$2,030,901$315,000$676,967
54865Port Wing, WI 5486522.9 mi3$1,726,566$475,000$575,522
54856Mason, WI 5485630.5 mi6$1,791,900$324,900$298,650
55601Beaver Bay, MN 5560133.4 mi3$1,012,500$337,500$337,500
54846High Bridge, WI 5484634.4 mi2$954,900$477,450$477,450
54820Brule, WI 5482036.5 mi2$1,799,800$899,900$899,900
54546Mellen, WI 5454640.6 mi4$1,148,000$287,000$287,000
54832Drummond, WI 5483241.6 mi0$0$129,900$129,900
54565Upson, WI 5456544.2 mi1$205,000$205,000$205,000
55616Two Harbors, MN 5561644.5 mi44$11,610,764$234,900$263,881
54536Iron Belt, WI 5453645.2 mi1$289,900$289,900$289,900

Frequently Asked Questions

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

As of January 2026, there are 9 active listings in BAYFIELD, WI (zip code 54814), compared to 13 the prior year.

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

The median listing price in BAYFIELD, WI 54814 is $749,900 as of January 2026, a 65.9% increase from $452,000 the prior year.

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

Homes in BAYFIELD, WI 54814 spend an average of 20 days on the market before going under contract, compared to 147 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 January 2026, BAYFIELD, WI 54814 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 20 days on market compared to 147 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 $14,998 compared to a typical 5% commission on the median listing price of $749,900. 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.