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MANITOWISH WATERS, WI 54545

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MANITOWISH WATERS, WI real estate market (54545) currently shows 4 active listings, with 1 pending sales. Homes are averaging 98 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 98 days on market compared to 171 days last year.

The median listing price has fallen 64.7% year-over-year, from $990,000 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.

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Market Context

Market Context

Population: 852  ·  Density: 6.8/mi²  ·  Median household income: $72,917

Typical home value: $649,076  ·  Homeownership: 80.6%

Market Overview

Active Listings
4
⇩ 33.3% vs 6 last year
Pending
1
25% pending ratio
Median Price
$349,900
⇩ 64.7% vs $990,000 last year
Average Price
$1,716,600
⇩ 13.9% vs $1,992,980 last year
Days on Market
98
⇩ 42.7% vs 171 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 6 last year
  • Days on market: 98 now vs 171 last year

Median & Average Pricing

Year over Year
  • Median: $349,900 (-64.7% YoY)
  • Average: $1,716,600 (-13.9% 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 31.5 miles — 126 listings ($68,455,697 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54545Manitowish Waters, WI 545450.0 mi3$5,149,800$349,900$1,716,600
54512Boulder Junction, WI 545129.2 mi3$2,773,500$924,500$924,500
54547Mercer, WI 5454712.5 mi13$5,854,186$442,975$450,322
54548Minocqua, WI 5454818.7 mi37$28,978,363$610,725$783,199
54558Saint Germain, WI 5455822.3 mi10$5,588,390$467,000$558,839
49947Marenisco, MI 4994723.4 mi10$4,166,390$269,500$416,639
49959Ramsay, MI 4995924.3 mi3$462,000$178,500$154,000
54552Park Falls, WI 5455225.1 mi30$7,527,690$191,000$250,923
54539Lake Tomahawk, WI 5453926.1 mi6$3,063,078$449,900$510,513
54531Hazelhurst, WI 5453126.6 mi3$1,348,500$449,500$449,500
54519Conover, WI 5451928.5 mi3$2,202,000$734,000$734,000
54565Upson, WI 5456531.0 mi1$205,000$205,000$205,000
54514Butternut, WI 5451431.5 mi4$1,136,800$169,450$284,200

Frequently Asked Questions

How many homes are for sale in MANITOWISH WATERS, WI 54545?

As of March 2026, there are 4 active listings in MANITOWISH WATERS, WI (zip code 54545), compared to 6 the prior year.

What is the median home price in MANITOWISH WATERS, WI 54545?

The median listing price in MANITOWISH WATERS, WI 54545 is $349,900 as of March 2026, a 64.7% decrease from $990,000 the prior year.

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

Homes in MANITOWISH WATERS, WI 54545 spend an average of 98 days on the market before going under contract, compared to 171 days the prior year.

Is it a seller's or buyer's market in MANITOWISH WATERS, WI 54545?

Based on current inventory and days-on-market data as of March 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 98 days on market compared to 171 days last year.

How much can I save on real estate commission in MANITOWISH WATERS, WI?

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.