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TOMAHAWK, WI 54487

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The TOMAHAWK, WI real estate market (54487) currently shows 60 active listings, with 24 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 63 days last year.

The median listing price has fallen 6.7% year-over-year, from $470,000 to $438,700.

Whether you are buying or selling in TOMAHAWK, 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: 9,681  ·  Density: 12.9/mi²  ·  Median household income: $71,886

Typical home value: $206,687  ·  Homeownership: 84.9%

Market Overview

Active Listings
60
⇧ 50% vs 40 last year
Pending
24
40% pending ratio
Median Price
$438,700
⇩ 6.7% vs $470,000 last year
Average Price
$522,697
⇩ 17.8% vs $635,680 last year
Days on Market
66
⇧ 4.8% vs 63 days last year

Price Per Square Foot

Median $/sqft
$315
⇧ 10.1% vs $286/sqft last year
Median Home Size
1,690 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 40 last year
  • Days on market: 66 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $438,700 (-6.7% YoY)
  • Average: $522,697 (-17.8% 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 34.7 miles — 196 listings ($82,926,198 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54487Tomahawk, WI 544870.0 mi51$22,021,290$339,675$431,790
54529Harshaw, WI 5452912.8 mi7$13,929,769$299,900$1,989,967
54531Hazelhurst, WI 5453117.1 mi3$1,348,500$449,500$449,500
54513Brantwood, WI 5451318.6 mi2$347,400$173,700$173,700
54501Rhinelander, WI 5450122.4 mi47$15,180,765$231,975$322,995
54470Rib Lake, WI 5447023.8 mi5$840,270$164,225$168,054
54463Pelican Lake, WI 5446325.5 mi9$4,190,139$245,000$465,571
54485Summit Lake, WI 5448526.9 mi3$1,099,251$312,250$366,417
54428Elcho, WI 5442828.4 mi5$1,893,460$289,000$378,692
54424Deerbrook, WI 5442431.3 mi3$862,350$287,450$287,450
54555Phillips, WI 5455533.1 mi28$10,202,864$312,000$364,388
54490Westboro, WI 5449034.1 mi1$139,900$139,900$139,900
54403Wausau, WI 5440334.7 mi32$10,870,240$310,600$339,695

Frequently Asked Questions

How many homes are for sale in TOMAHAWK, WI 54487?

As of March 2026, there are 60 active listings in TOMAHAWK, WI (zip code 54487), compared to 40 the prior year.

What is the median home price in TOMAHAWK, WI 54487?

The median listing price in TOMAHAWK, WI 54487 is $438,700 as of March 2026, a 6.7% decrease from $470,000 the prior year.

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

Homes in TOMAHAWK, WI 54487 spend an average of 66 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in TOMAHAWK, WI 54487?

Based on current inventory and days-on-market data as of March 2026, TOMAHAWK, WI 54487 is currently a Buyer's Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 63 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TOMAHAWK, WI 54487 save an estimated $8,774 compared to a typical 5% commission on the median listing price of $438,700. 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.