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MERCER, WI 54547

Real Estate Market Report  ·  Iron County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The MERCER, WI real estate market (54547) currently shows 25 active listings, with 7 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 55 days on market compared to 39 days last year.

The median listing price has risen 40.8% year-over-year, from $393,249 to $553,750.

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 Context

Market Context

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

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

Market Overview

Active Listings
25
vs 25 last year
Pending
7
28% pending ratio
Median Price
$553,750
⇧ 40.8% vs $393,249 last year
Average Price
$801,511
⇧ 86% vs $430,900 last year
Days on Market
55
⇧ 41% vs 39 days last year

Price Per Square Foot

Median $/sqft
$341
⇧ 35.3% vs $252/sqft last year
Median Home Size
1,238 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 55 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $553,750 (+40.8% YoY)
  • Average: $801,511 (+86% 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 33.9 miles — 151 listings ($70,653,719 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54547Mercer, WI 545470.0 mi13$5,854,186$442,975$450,322
54534Hurley, WI 5453413.2 mi13$5,824,078$214,950$448,006
54536Iron Belt, WI 5453615.5 mi1$289,900$289,900$289,900
54538Lac Du Flambeau, WI 5453817.4 mi13$8,777,808$548,375$675,216
54552Park Falls, WI 5455219.8 mi30$7,527,690$191,000$250,923
49911Bessemer, MI 4991121.1 mi13$2,306,694$156,950$177,438
54512Boulder Junction, WI 5451221.7 mi3$2,773,500$924,500$924,500
49968Wakefield, MI 4996823.9 mi10$1,907,910$184,500$190,791
54548Minocqua, WI 5454826.2 mi37$28,978,363$610,725$783,199
54559Saxon, WI 5455927.5 mi4$573,700$157,400$143,425
49947Marenisco, MI 4994728.6 mi10$4,166,390$269,500$416,639
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 July 2026, there are 25 active listings in MERCER, WI (zip code 54547), compared to 25 the prior year.

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

The median listing price in MERCER, WI 54547 is $553,750 as of July 2026, a 40.8% increase from $393,249 the prior year.

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

Homes in MERCER, WI 54547 spend an average of 55 days on the market before going under contract, compared to 39 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 July 2026, MERCER, WI 54547 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 55 days on market compared to 39 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 $11,075 compared to a typical 5% commission on the median listing price of $553,750. 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.