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TOMAHAWK, WI 54487

Real Estate Market Report  ·  Lincoln County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
48
⇧ 33.3% vs 36 last year
Pending
17
35% pending ratio
Median Price
$349,450
⇩ 28.3% vs $487,400 last year
Average Price
$430,243
⇩ 15.6% vs $509,728 last year
Days on Market
128
⇧ 21.9% vs 105 days last year

Market Context

Population: 9,681  ·  Density: 12.9/mi²  ·  Median household income: $71,886

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

Market Analysis

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

The TOMAHAWK, WI real estate market (54487) currently shows 48 active listings, with 17 pending sales. Homes are averaging 128 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 128 days on market compared to 105 days last year.

The median listing price has fallen 28.3% year-over-year, from $487,400 to $349,450.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 36 last year
  • Days on market: 128 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $349,450 (-28.3% YoY)
  • Average: $430,243 (-15.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 34.7 miles — 197 listings ($80,251,654 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54487Tomahawk, WI 544870.0 mi48$20,651,664$349,450$430,243
54529Harshaw, WI 5452912.8 mi9$11,087,613$349,900$1,231,957
54531Hazelhurst, WI 5453117.1 mi3$1,348,500$449,500$449,500
54513Brantwood, WI 5451318.6 mi1$264,900$264,900$264,900
54501Rhinelander, WI 5450122.4 mi51$16,251,558$232,400$318,658
54470Rib Lake, WI 5447023.8 mi5$1,240,600$179,000$248,120
54463Pelican Lake, WI 5446325.5 mi9$4,190,139$322,450$465,571
54485Summit Lake, WI 5448526.9 mi3$948,999$208,000$316,333
54428Elcho, WI 5442828.4 mi4$1,388,700$254,450$347,175
54424Deerbrook, WI 5442431.3 mi6$2,095,728$331,175$349,288
54555Phillips, WI 5455533.1 mi32$12,022,528$312,450$375,704
54490Westboro, WI 5449034.1 mi1$139,900$139,900$139,900
54403Wausau, WI 5440334.7 mi25$8,620,825$274,900$344,833

Frequently Asked Questions

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

As of January 2026, there are 48 active listings in TOMAHAWK, WI (zip code 54487), compared to 36 the prior year.

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

The median listing price in TOMAHAWK, WI 54487 is $349,450 as of January 2026, a 28.3% decrease from $487,400 the prior year.

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

Homes in TOMAHAWK, WI 54487 spend an average of 128 days on the market before going under contract, compared to 105 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 January 2026, TOMAHAWK, WI 54487 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 128 days on market compared to 105 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 $6,989 compared to a typical 5% commission on the median listing price of $349,450. 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.