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LONG LAKE, WI 54542

Real Estate Market Report  ·  Forest County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
0
0% pending ratio
Median Price
$182,400
⇩ 33.7% vs $274,950 last year
Average Price
$182,400
⇩ 32.2% vs $269,200 last year
Days on Market
105
⇧ 1% vs 104 days last year

Market Context

Population: 648  ·  Density: 0.9/mi²  ·  Median household income: $45,469

Typical home value: $138,121  ·  Homeownership: 90.0%

Market Analysis

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

The LONG LAKE, WI real estate market (54542) currently shows 3 active listings. Homes are averaging 105 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 105 days on market compared to 104 days last year.

The median listing price has fallen 33.7% year-over-year, from $274,950 to $182,400.

Whether you are buying or selling in LONG LAKE, 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: 3 this year vs 5 last year
  • Days on market: 105 now vs 104 last year

Median & Average Pricing

Year over Year
  • Median: $182,400 (-33.7% YoY)
  • Average: $182,400 (-32.2% 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 36.9 miles — 179 listings ($92,975,793 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54542Long Lake, WI 545420.0 mi3$547,200$182,400$182,400
49927Gaastra, MI 4992711.3 mi2$0$0$0
54554Phelps, WI 5455418.6 mi14$15,303,260$774,000$1,093,090
49902Alpha, MI 4990218.9 mi4$701,068$149,900$175,267
54121Florence, WI 5412119.5 mi11$4,182,970$417,500$380,270
49920Crystal Falls, MI 4992025.4 mi23$4,398,681$164,500$191,247
54541Laona, WI 5454125.7 mi7$2,376,150$274,900$339,450
54520Crandon, WI 5452028.2 mi16$8,854,032$401,950$553,377
49903Amasa, MI 4990330.8 mi9$1,539,774$139,900$171,086
49969Watersmeet, MI 4996932.4 mi8$29,632,000$3,900,000$3,704,000
49801Iron Mountain, MI 4980134.0 mi30$8,864,100$186,200$295,470
54501Rhinelander, WI 5450134.9 mi51$16,251,558$232,400$318,658
54561Star Lake, WI 5456136.9 mi1$325,000$325,000$325,000

Frequently Asked Questions

How many homes are for sale in LONG LAKE, WI 54542?

As of January 2026, there are 3 active listings in LONG LAKE, WI (zip code 54542), compared to 5 the prior year.

What is the median home price in LONG LAKE, WI 54542?

The median listing price in LONG LAKE, WI 54542 is $182,400 as of January 2026, a 33.7% decrease from $274,950 the prior year.

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

Homes in LONG LAKE, WI 54542 spend an average of 105 days on the market before going under contract, compared to 104 days the prior year.

Is it a seller's or buyer's market in LONG LAKE, WI 54542?

Based on current inventory and days-on-market data as of January 2026, LONG LAKE, WI 54542 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 105 days on market compared to 104 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LONG LAKE, WI 54542 save an estimated $3,648 compared to a typical 5% commission on the median listing price of $182,400. 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.