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WASHBURN, WI 54891

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

Market Overview

Active Listings
10
⇩ 37.5% vs 16 last year
Pending
3
30% pending ratio
Median Price
$399,000
⇧ 12% vs $356,150 last year
Average Price
$503,844
⇧ 6.7% vs $472,188 last year
Days on Market
86
⇩ 3.4% vs 89 days last year

Market Context

Population: 3,338  ·  Density: 18.8/mi²  ·  Median household income: $62,443

Typical home value: $181,535  ·  Homeownership: 76.4%

Market Analysis

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

The WASHBURN, WI real estate market (54891) currently shows 10 active listings, with 3 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 86 days on market compared to 89 days last year.

The median listing price has risen 12% year-over-year, from $356,150 to $399,000.

Whether you are buying or selling in WASHBURN, 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: 10 this year vs 16 last year
  • Days on market: 86 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $399,000 (+12% YoY)
  • Average: $503,844 (+6.7% 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 41.5 miles — 43 listings ($22,304,477 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54891Washburn, WI 548910.0 mi10$5,038,440$399,000$503,844
54814Bayfield, WI 5481411.3 mi9$6,947,469$749,900$771,941
54844Herbster, WI 5484413.2 mi3$2,030,901$315,000$676,967
54865Port Wing, WI 5486519.6 mi3$1,726,566$475,000$575,522
54850La Pointe, WI 5485022.5 mi5$2,645,000$529,000$529,000
54846High Bridge, WI 5484625.0 mi2$954,900$477,450$477,450
54559Saxon, WI 5455927.5 mi3$408,801$149,900$136,267
54832Drummond, WI 5483230.9 mi0$0$129,900$129,900
54854Maple, WI 5485433.4 mi1$185,000$185,000$185,000
54565Upson, WI 5456536.7 mi1$205,000$205,000$205,000
54536Iron Belt, WI 5453638.8 mi1$289,900$289,900$289,900
54517Clam Lake, WI 5451740.0 mi2$860,000$430,000$430,000
55601Beaver Bay, MN 5560141.5 mi3$1,012,500$337,500$337,500

Frequently Asked Questions

How many homes are for sale in WASHBURN, WI 54891?

As of January 2026, there are 10 active listings in WASHBURN, WI (zip code 54891), compared to 16 the prior year.

What is the median home price in WASHBURN, WI 54891?

The median listing price in WASHBURN, WI 54891 is $399,000 as of January 2026, a 12% increase from $356,150 the prior year.

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

Homes in WASHBURN, WI 54891 spend an average of 86 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in WASHBURN, WI 54891?

Based on current inventory and days-on-market data as of January 2026, WASHBURN, WI 54891 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 86 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WASHBURN, WI 54891 save an estimated $7,980 compared to a typical 5% commission on the median listing price of $399,000. 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.