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PHELPS, WI 54554

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PHELPS, WI real estate market (54554) currently shows 21 active listings, with 6 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 26 days on market compared to 46 days last year.

The median listing price has fallen 42.9% year-over-year, from $742,500 to $424,000.

Whether you are buying or selling in PHELPS, 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: 1,103  ·  Density: 5.3/mi²  ·  Median household income: $54,750

Typical home value: $212,590  ·  Homeownership: 87.2%

Market Overview

Active Listings
21
⇧ 31.3% vs 16 last year
Pending
6
29% pending ratio
Median Price
$424,000
⇩ 42.9% vs $742,500 last year
Average Price
$823,557
⇧ 6.5% vs $773,563 last year
Days on Market
26
⇩ 43.5% vs 46 days last year

Price Per Square Foot

Median $/sqft
$757
⇧ 126% vs $335/sqft last year
Median Home Size
2,406 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 16 last year
  • Days on market: 26 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $424,000 (-42.9% YoY)
  • Average: $823,557 (+6.5% 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
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 36.5 miles — 195 listings ($103,701,372 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54554Phelps, WI 545540.0 mi11$11,164,725$604,700$1,014,975
54521Eagle River, WI 5452113.3 mi45$39,965,175$429,250$888,115
54540Land O'Lakes, WI 5454016.8 mi4$412,332$64,800$103,083
49935Iron River, MI 4993517.9 mi33$11,534,622$187,000$349,534
54561Star Lake, WI 5456119.4 mi1$325,000$325,000$325,000
54558Saint Germain, WI 5455822.8 mi10$5,588,390$467,000$558,839
54511Argonne, WI 5451125.4 mi9$4,327,317$298,425$480,813
54539Lake Tomahawk, WI 5453930.1 mi6$3,063,078$449,900$510,513
54501Rhinelander, WI 5450130.5 mi47$15,180,765$231,975$322,995
49912Bruce Crossing, MI 4991231.1 mi1$149,000$149,000$149,000
49903Amasa, MI 4990333.6 mi8$1,412,808$139,900$176,601
54557Presque Isle, WI 5455735.1 mi10$6,411,770$630,375$641,177
49947Marenisco, MI 4994736.5 mi10$4,166,390$269,500$416,639

Frequently Asked Questions

How many homes are for sale in PHELPS, WI 54554?

As of June 2026, there are 21 active listings in PHELPS, WI (zip code 54554), compared to 16 the prior year.

What is the median home price in PHELPS, WI 54554?

The median listing price in PHELPS, WI 54554 is $424,000 as of June 2026, a 42.9% decrease from $742,500 the prior year.

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

Homes in PHELPS, WI 54554 spend an average of 26 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PHELPS, WI 54554?

Based on current inventory and days-on-market data as of June 2026, PHELPS, WI 54554 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 26 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PHELPS, WI 54554 save an estimated $8,480 compared to a typical 5% commission on the median listing price of $424,000. 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.