08/05/2026
We’re just over halfway through 2026. Here’s the current state of the real estate market in Washburn, Wisconsin.
Five single family homes, of those listed this year, have sold. They sold at a median price of $247,000, with an average of $239,780.
Buyers paid approximately 95.6% of list price, and the typical home was under contract in just 18 days. That’s a fast-moving market for the homes priced right.
111 W 3rd St sold for $120,000. This is the outlier that dragged the average sale price down. Listed initially for $184,900, it sold for just 65% of list after 54 days on market.
111 E 7th St, a dated rambler on nearly 1/3 of an acre lot, also sold below asking, 86% of asking. It too sold for cash and fairly quickly, 18 days.
221 N 1st Ave W, a cute house near the business district, sat the longest among the sold group at 78 days but ultimately sold for $247,000. Down from the initial asking price of $265,000
608 W 3rd St sold quickly, in 6 days, and sold for what the sellers were requesting: $254,900. Priced right, it moved garners multiple offers and sold quickly.
610 Hillside Dr was the standout. It sold in just 4 days at 100.8% of list $362,000 (VA/DVA) meaning it actually closed above asking. On three acres, this property doesn’t look like many in the city, which highlights why it jumped off the market as fast as it did.
Of those that have sold so far, three were paid for with cash, one was sold conventionally, and one was financed with a VA loan.
So what’s happening with what’s still available?
Seven properties are currently under contract, with an average list price of $302,614.
Four listings remain active. The average list price is inflated by one major outlier — a 1.4 million dollar Lake Superior estate on nearly 5 acres.
Active listings have taken the deepest price cuts of any group so far, averaging 6.4% off original list, and they’re sitting a median of about 50 days on market. That’s longer than the sold group’s median sold time, which tracks: these are the homes still finding their price.
In the end, pricing is everything.