Data as of September 2026. Source: Realtor.com.
The LAKE TOMAHAWK, WI real estate market (54539) currently shows 17 active listings, with 6 pending sales. Homes are averaging 91 days on the market before going under contract.
Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 91 days on market compared to 56 days last year.
The median listing price has risen 11.5% year-over-year, from $461,500 to $514,450.
Population: 1,300 · Density: 9.0/mi² · Median household income: $74,318
Typical home value: $243,706 · Homeownership: 92.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 54539 | Lake Tomahawk, WI 54539 | 0.0 mi | 6 | $3,063,078 | $449,900 | $510,513 |
| 54529 | Harshaw, WI 54529 | 9.8 mi | 7 | $13,929,769 | $299,900 | $1,989,967 |
| 54531 | Hazelhurst, WI 54531 | 11.0 mi | 3 | $1,348,500 | $449,500 | $449,500 |
| 54501 | Rhinelander, WI 54501 | 15.2 mi | 47 | $15,180,765 | $231,975 | $322,995 |
| 54561 | Star Lake, WI 54561 | 19.0 mi | 1 | $325,000 | $325,000 | $325,000 |
| 54512 | Boulder Junction, WI 54512 | 20.4 mi | 3 | $2,773,500 | $924,500 | $924,500 |
| 54487 | Tomahawk, WI 54487 | 22.6 mi | 51 | $22,021,290 | $339,675 | $431,790 |
| 54562 | Three Lakes, WI 54562 | 23.8 mi | 6 | $7,746,300 | $1,675,000 | $1,291,050 |
| 54545 | Manitowish Waters, WI 54545 | 26.1 mi | 3 | $5,149,800 | $349,900 | $1,716,600 |
| 54557 | Presque Isle, WI 54557 | 29.9 mi | 10 | $6,411,770 | $630,375 | $641,177 |
| 54513 | Brantwood, WI 54513 | 30.5 mi | 2 | $347,400 | $173,700 | $173,700 |
| 54435 | Gleason, WI 54435 | 32.2 mi | 9 | $7,093,890 | $410,000 | $788,210 |
| 54485 | Summit Lake, WI 54485 | 33.4 mi | 3 | $1,099,251 | $312,250 | $366,417 |
As of September 2026, there are 17 active listings in LAKE TOMAHAWK, WI (zip code 54539), compared to 13 the prior year.
The median listing price in LAKE TOMAHAWK, WI 54539 is $514,450 as of September 2026, a 11.5% increase from $461,500 the prior year.
Homes in LAKE TOMAHAWK, WI 54539 spend an average of 91 days on the market before going under contract, compared to 56 days the prior year.
Based on current inventory and days-on-market data as of September 2026, LAKE TOMAHAWK, WI 54539 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 91 days on market compared to 56 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE TOMAHAWK, WI 54539 save an estimated $10,289 compared to a typical 5% commission on the median listing price of $514,450. 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.