Is Bayfield, WI 54814 a buyer’s or seller’s market?
Bayfield is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 48% of U.S. ZIP codes, and #259 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Bayfield housing market right now
In the three months ending August 31, 2026, 38% of homes in Bayfield, WI 54814 sold above their list price, the typical home went under contract in 51 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (40 days then) and the median sale price rose 21% to $357,345. Overall, Bayfield is less competitive than a year ago, which gives buyers more room.
Within Bayfield County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Bayfield ranks #259 of 319 WI ZIP codes with enough sales (score 48 out of 100).
Nearby, buyers who want less competition could look at Mason 54856 (0% sold over asking) or Iron River 54847 (0% sold over asking).
Run the numbers for 54814
Nearby markets
Cable 54821Buyer’s market $268 /sq ftCornucopia 54827Buyer’s market $223 /sq ftDrummond 54832 $187 /sq ftGrand View 54839Balanced $159 /sq ft Browse all markets →Towns like Bayfield nearby
Find towns like Bayfield in other states →Where Bayfield is
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Questions about Bayfield real estate
Is Bayfield a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Bayfield, WI 54814 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bayfield?
The typical home went under contract in 51 days in the latest three months.
Do homes in Bayfield sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Bayfield?
About 1.01% of a home’s value a year in Bayfield County, or roughly $4,040 on a $400,000 home.
What is the median home price in Bayfield?
The median sale price was $357,345 in the three months ending August 31, 2026, about $268 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology