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LAKE TOMAHAWK, WI 54539

Real Estate Market Report  ·  Oneida County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE TOMAHAWK, WI real estate market (54539) currently shows 6 active listings, with 2 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 50 days on market compared to 158 days last year.

The median listing price has risen 55.2% year-over-year, from $289,700 to $449,675.

Whether you are buying or selling in LAKE 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: 1,300  ·  Density: 9.0/mi²  ·  Median household income: $74,318

Typical home value: $243,706  ·  Homeownership: 92.8%

Market Overview

Active Listings
6
⇧ 50% vs 4 last year
Pending
2
33% pending ratio
Median Price
$449,675
⇧ 55.2% vs $289,700 last year
Average Price
$633,278
⇧ 103.7% vs $310,850 last year
Days on Market
50
⇩ 68.4% vs 158 days last year

Price Per Square Foot

Median $/sqft
$373
⇧ 53.5% vs $243/sqft last year
Median Home Size
400 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 4 last year
  • Days on market: 50 now vs 158 last year

Median & Average Pricing

Year over Year
  • Median: $449,675 (+55.2% YoY)
  • Average: $633,278 (+103.7% 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 33.4 miles — 151 listings ($86,490,313 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54539Lake Tomahawk, WI 545390.0 mi6$3,063,078$449,900$510,513
54529Harshaw, WI 545299.8 mi7$13,929,769$299,900$1,989,967
54531Hazelhurst, WI 5453111.0 mi3$1,348,500$449,500$449,500
54501Rhinelander, WI 5450115.2 mi47$15,180,765$231,975$322,995
54561Star Lake, WI 5456119.0 mi1$325,000$325,000$325,000
54512Boulder Junction, WI 5451220.4 mi3$2,773,500$924,500$924,500
54487Tomahawk, WI 5448722.6 mi51$22,021,290$339,675$431,790
54562Three Lakes, WI 5456223.8 mi6$7,746,300$1,675,000$1,291,050
54545Manitowish Waters, WI 5454526.1 mi3$5,149,800$349,900$1,716,600
54557Presque Isle, WI 5455729.9 mi10$6,411,770$630,375$641,177
54513Brantwood, WI 5451330.5 mi2$347,400$173,700$173,700
54435Gleason, WI 5443532.2 mi9$7,093,890$410,000$788,210
54485Summit Lake, WI 5448533.4 mi3$1,099,251$312,250$366,417

Frequently Asked Questions

How many homes are for sale in LAKE TOMAHAWK, WI 54539?

As of March 2026, there are 6 active listings in LAKE TOMAHAWK, WI (zip code 54539), compared to 4 the prior year.

What is the median home price in LAKE TOMAHAWK, WI 54539?

The median listing price in LAKE TOMAHAWK, WI 54539 is $449,675 as of March 2026, a 55.2% increase from $289,700 the prior year.

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

Homes in LAKE TOMAHAWK, WI 54539 spend an average of 50 days on the market before going under contract, compared to 158 days the prior year.

Is it a seller's or buyer's market in LAKE TOMAHAWK, WI 54539?

Based on current inventory and days-on-market data as of March 2026, LAKE TOMAHAWK, WI 54539 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 50 days on market compared to 158 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE TOMAHAWK, WI 54539 save an estimated $8,994 compared to a typical 5% commission on the median listing price of $449,675. 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.