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MELLEN, WI 54546

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

Market Overview

Active Listings
4
⇩ 50% vs 8 last year
Pending
2
50% pending ratio
Median Price
$287,000
⇧ 29.3% vs $222,000 last year
Average Price
$287,000
⇧ 18.9% vs $241,348 last year
Days on Market
131
⇧ 13.9% vs 115 days last year

Market Context

Population: 1,131  ·  Density: 2.1/mi²  ·  Median household income: $60,714

Typical home value: $126,257  ·  Homeownership: 84.8%

Market Analysis

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

The MELLEN, WI real estate market (54546) currently shows 4 active listings, with 2 pending sales. Homes are averaging 131 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 131 days on market compared to 115 days last year.

The median listing price has risen 29.3% year-over-year, from $222,000 to $287,000.

Whether you are buying or selling in MELLEN, 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: 4 this year vs 8 last year
  • Days on market: 131 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $287,000 (+29.3% YoY)
  • Average: $287,000 (+18.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 36.2 miles — 171 listings ($70,925,645 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54546Mellen, WI 545460.0 mi4$1,148,000$287,000$287,000
54855Marengo, WI 548558.8 mi1$258,000$258,000$258,000
54565Upson, WI 5456512.4 mi1$205,000$205,000$205,000
54536Iron Belt, WI 5453617.7 mi1$289,900$289,900$289,900
54806Ashland, WI 5480619.2 mi30$8,609,580$262,000$286,986
54856Mason, WI 5485621.3 mi6$1,791,900$324,900$298,650
54550Montreal, WI 5455021.8 mi2$198,000$99,000$99,000
54534Hurley, WI 5453423.0 mi11$4,928,627$279,900$448,057
54547Mercer, WI 5454730.0 mi10$4,268,370$392,500$426,837
54552Park Falls, WI 5455231.5 mi27$5,413,095$137,400$200,485
54843Hayward, WI 5484333.4 mi71$41,338,472$389,900$582,232
54524Fifield, WI 5452434.3 mi4$2,003,700$319,900$500,925
49959Ramsay, MI 4995936.2 mi3$473,001$184,000$157,667

Frequently Asked Questions

How many homes are for sale in MELLEN, WI 54546?

As of January 2026, there are 4 active listings in MELLEN, WI (zip code 54546), compared to 8 the prior year.

What is the median home price in MELLEN, WI 54546?

The median listing price in MELLEN, WI 54546 is $287,000 as of January 2026, a 29.3% increase from $222,000 the prior year.

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

Homes in MELLEN, WI 54546 spend an average of 131 days on the market before going under contract, compared to 115 days the prior year.

Is it a seller's or buyer's market in MELLEN, WI 54546?

Based on current inventory and days-on-market data as of January 2026, MELLEN, WI 54546 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 131 days on market compared to 115 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MELLEN, WI 54546 save an estimated $5,740 compared to a typical 5% commission on the median listing price of $287,000. 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.