Mid Summer Update

Normal Summer Activity

Normal Summer Activity

📊 Lakefront Market Update — Mid-Summer Snapshot

May 20 – July 11, 2025

Summer is in full swing in the Northwoods, and with it comes a seasonal uptick in lakefront real estate activity. This post covers recent market activity for lakefront homes, lots, and condos in Forest, Price, and Iron Counties as well as Oneida and Vilas Counties — highlighting trends from late May through early July.

Whether you’re buying or selling, this mid-season check-in offers a solid overview of what’s happening in the current market.

🟢 Active Listings

Forest/Price/Iron Counties

• Houses (18):
  Average: $721,855 | Median: $634,950 | Range: $459,900 – $1,799,900

• Lots (2):
  Average: $519,950 | Median: $519,950 | Range: $244,900 – $795,000

Oneida/Vilas Counties

• Houses (101):
  Average: $1,138,078 | Median: $775,000 | Range: $310,000 – $5,490,000

• Lots (41):
  Average: $397,158 | Median: $300,000 | Range: $109,000 – $1,750,000

• Condos (14):
  Average: $650,049 | Median: $442,000 | Range: $329,000 – $1,995,000

🟡 Accepted Offers (Under Contract)

Forest/Price/Iron Counties

• Houses (10):
  Average: $735,370 | Median: $632,450 | Range: $369,900 – $1,797,000

• Lots (2):
  Average: $287,500 | Median: $287,500 | Range: $250,000 – $325,000

Oneida/Vilas Counties

• Houses (52):
  Average: $735,644 | Median: $667,450 | Range: $335,000 – $1,650,000

• Lots (6):
  Average: $183,066 | Median: $167,450 | Range: $129,000 – $324,500

• Condos (6):
  Average: $423,800 | Median: $374,950 | Range: $329,000 – $599,000

🔵 Closed Sales (May 20 – July 11)

Forest/Price/Iron Counties

• Houses (19):
  Average: $512,247 | Median: $439,900 | Range: $304,900 – $939,800

• Lots (1):
  Price: $240,000

Oneida/Vilas Counties

• Houses (80):
  Average: $826,521 | Median: $649,450 | Range: $325,000 – $3,950,000

• Lots (15):
  Average: $290,773 | Median: $225,000 | Range: $113,000 – $1,000,000

• Condos (9):
  Average: $481,877 | Median: $400,000 | Range: $309,000 – $749,000

📝 Key Takeaways

• 🌞 Lakefront activity remains strong through early summer, with over 80 homes sold and 50 more under contract in Oneida and Vilas Counties alone.

• 💸 Median sold prices remain lower than active list prices, showing that buyers are still negotiating in this higher-interest-rate environment.

• 🏡 High-end properties are still moving, especially in Oneida/Vilas where multiple homes have sold or listed above $3M.

• 🪵 Inventory is tightening slightly in Forest/Price/Iron, with fewer active listings compared to early spring.

• 🛶 Condos continue to perform well, especially in Oneida/Vilas where average prices are creeping upward and inventory is limited.