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WASHBURN, WI 54891

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

Market Analysis

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

The WASHBURN, WI real estate market (54891) currently shows 8 active listings, with 3 pending sales. Homes are averaging 118 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 118 days on market compared to 123 days last year.

The median listing price has risen 38% year-over-year, from $352,450 to $486,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
8
⇩ 42.9% vs 14 last year
Pending
3
38% pending ratio
Median Price
$486,500
⇧ 38% vs $352,450 last year
Average Price
$558,448
⇧ 19.6% vs $466,792 last year
Days on Market
118
⇩ 4.1% vs 123 days last year

Price Per Square Foot

Median $/sqft
$275
⇧ 61.8% vs $170/sqft last year
Median Home Size
1,723 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 14 last year
  • Days on market: 118 now vs 123 last year

Median & Average Pricing

Year over Year
  • Median: $486,500 (+38% YoY)
  • Average: $558,448 (+19.6% 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 42.0 miles — 58 listings ($32,401,405 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54891Washburn, WI 548910.0 mi9$4,972,122$431,725$552,458
54814Bayfield, WI 5481411.3 mi12$9,226,992$749,900$768,916
54844Herbster, WI 5484413.2 mi5$5,749,750$1,149,950$1,149,950
54865Port Wing, WI 5486519.6 mi3$1,726,566$475,000$575,522
54850La Pointe, WI 5485022.5 mi3$1,587,000$529,000$529,000
54839Grand View, WI 5483925.0 mi1$169,900$169,900$169,900
54820Brule, WI 5482029.4 mi2$1,774,800$887,400$887,400
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 mi1$430,000$430,000$430,000
55601Beaver Bay, MN 5560141.5 mi4$1,350,000$337,500$337,500
54527Glidden, WI 5452742.0 mi15$4,734,375$215,475$315,625

Frequently Asked Questions

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

As of March 2026, there are 8 active listings in WASHBURN, WI (zip code 54891), compared to 14 the prior year.

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

The median listing price in WASHBURN, WI 54891 is $486,500 as of March 2026, a 38% increase from $352,450 the prior year.

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

Homes in WASHBURN, WI 54891 spend an average of 118 days on the market before going under contract, compared to 123 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 March 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 118 days on market compared to 123 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 $9,730 compared to a typical 5% commission on the median listing price of $486,500. 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.