Active Listings
4
⇩ 33.3% vs 6 last year
Population: 852 · Density: 6.8/mi² · Median household income: $72,917
Typical home value: $649,076 · Homeownership: 80.6%
Data as of January 2026. Source: Realtor.com.
The MANITOWISH WATERS, WI real estate market (54545) currently shows 4 active listings, with 1 pending sales. Homes are averaging 45 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 selling faster, averaging 45 days on market compared to 113 days last year.
The median listing price has fallen 63% year-over-year, from $945,000 to $349,900.
Whether you are buying or selling in MANITOWISH WATERS, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 54545 | Manitowish Waters, WI 54545 | 0.0 mi | 4 | $6,866,400 | $349,900 | $1,716,600 |
| 54512 | Boulder Junction, WI 54512 | 9.2 mi | 4 | $3,698,000 | $924,500 | $924,500 |
| 54547 | Mercer, WI 54547 | 12.5 mi | 10 | $4,268,370 | $392,500 | $426,837 |
| 54548 | Minocqua, WI 54548 | 18.7 mi | 35 | $24,799,250 | $554,950 | $708,550 |
| 54558 | Saint Germain, WI 54558 | 22.3 mi | 13 | $7,294,482 | $492,450 | $561,114 |
| 49947 | Marenisco, MI 49947 | 23.4 mi | 8 | $3,035,904 | $250,000 | $379,488 |
| 49959 | Ramsay, MI 49959 | 24.3 mi | 3 | $473,001 | $184,000 | $157,667 |
| 54552 | Park Falls, WI 54552 | 25.1 mi | 27 | $5,413,095 | $137,400 | $200,485 |
| 54539 | Lake Tomahawk, WI 54539 | 26.1 mi | 9 | $4,089,726 | $449,900 | $454,414 |
| 54531 | Hazelhurst, WI 54531 | 26.6 mi | 3 | $1,348,500 | $449,500 | $449,500 |
| 54519 | Conover, WI 54519 | 28.5 mi | 2 | $1,468,000 | $734,000 | $734,000 |
| 54565 | Upson, WI 54565 | 31.0 mi | 1 | $205,000 | $205,000 | $205,000 |
| 54514 | Butternut, WI 54514 | 31.5 mi | 5 | $1,451,700 | $249,000 | $290,340 |
As of January 2026, there are 4 active listings in MANITOWISH WATERS, WI (zip code 54545), compared to 6 the prior year.
The median listing price in MANITOWISH WATERS, WI 54545 is $349,900 as of January 2026, a 63% decrease from $945,000 the prior year.
Homes in MANITOWISH WATERS, WI 54545 spend an average of 45 days on the market before going under contract, compared to 113 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MANITOWISH WATERS, WI 54545 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 45 days on market compared to 113 days last year.
With SELL123.com's maximum 3% commission, sellers in MANITOWISH WATERS, WI 54545 save an estimated $6,998 compared to a typical 5% commission on the median listing price of $349,900. 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.