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MERCER, WI 54547

Real Estate Market Report  ·  Iron County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
10
⇩ 37.5% vs 16 last year
Pending
4
40% pending ratio
Median Price
$392,500
⇩ 20.7% vs $495,000 last year
Average Price
$426,837
⇩ 10.5% vs $476,662 last year
Days on Market
107
⇩ 28.2% vs 149 days last year

Market Context

Population: 1,394  ·  Density: 2.5/mi²  ·  Median household income: $62,616

Typical home value: $261,254  ·  Homeownership: 86.6%

Market Analysis

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

The MERCER, WI real estate market (54547) currently shows 10 active listings, with 4 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 107 days on market compared to 149 days last year.

The median listing price has fallen 20.7% year-over-year, from $495,000 to $392,500.

Whether you are buying or selling in MERCER, 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: 10 this year vs 16 last year
  • Days on market: 107 now vs 149 last year

Median & Average Pricing

Year over Year
  • Median: $392,500 (-20.7% YoY)
  • Average: $426,837 (-10.5% 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 33.9 miles — 137 listings ($60,414,633 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54547Mercer, WI 545470.0 mi10$4,268,370$392,500$426,837
54534Hurley, WI 5453413.2 mi11$4,928,627$279,900$448,057
54536Iron Belt, WI 5453615.5 mi1$289,900$289,900$289,900
54538Lac Du Flambeau, WI 5453817.4 mi11$7,064,860$483,000$642,260
54552Park Falls, WI 5455219.8 mi27$5,413,095$137,400$200,485
49911Bessemer, MI 4991121.1 mi14$2,650,872$169,950$189,348
54512Boulder Junction, WI 5451221.7 mi4$3,698,000$924,500$924,500
49968Wakefield, MI 4996823.9 mi9$2,183,454$184,500$242,606
54548Minocqua, WI 5454826.2 mi35$24,799,250$554,950$708,550
54559Saxon, WI 5455927.5 mi3$408,801$149,900$136,267
49947Marenisco, MI 4994728.6 mi8$3,035,904$250,000$379,488
54561Star Lake, WI 5456131.5 mi1$325,000$325,000$325,000
54531Hazelhurst, WI 5453133.9 mi3$1,348,500$449,500$449,500

Frequently Asked Questions

How many homes are for sale in MERCER, WI 54547?

As of January 2026, there are 10 active listings in MERCER, WI (zip code 54547), compared to 16 the prior year.

What is the median home price in MERCER, WI 54547?

The median listing price in MERCER, WI 54547 is $392,500 as of January 2026, a 20.7% decrease from $495,000 the prior year.

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

Homes in MERCER, WI 54547 spend an average of 107 days on the market before going under contract, compared to 149 days the prior year.

Is it a seller's or buyer's market in MERCER, WI 54547?

Based on current inventory and days-on-market data as of January 2026, MERCER, WI 54547 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 107 days on market compared to 149 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MERCER, WI 54547 save an estimated $7,850 compared to a typical 5% commission on the median listing price of $392,500. 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.