Data as of July 2026. Source: Realtor.com.
The PHELPS, WI real estate market (54554) currently shows 22 active listings, with 7 pending sales. Homes are averaging 49 days on the market before going under contract.
Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.
Homes are selling faster, averaging 49 days on market compared to 60 days last year.
The median listing price has fallen 16.5% year-over-year, from $538,225 to $449,250.
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.
Population: 1,103 · Density: 5.3/mi² · Median household income: $54,750
Typical home value: $212,590 · Homeownership: 87.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 54554 | Phelps, WI 54554 | 0.0 mi | 11 | $11,164,725 | $604,700 | $1,014,975 |
| 54521 | Eagle River, WI 54521 | 13.3 mi | 45 | $39,965,175 | $429,250 | $888,115 |
| 54540 | Land O'Lakes, WI 54540 | 16.8 mi | 4 | $412,332 | $64,800 | $103,083 |
| 49935 | Iron River, MI 49935 | 17.9 mi | 33 | $11,534,622 | $187,000 | $349,534 |
| 54561 | Star Lake, WI 54561 | 19.4 mi | 1 | $325,000 | $325,000 | $325,000 |
| 54558 | Saint Germain, WI 54558 | 22.8 mi | 10 | $5,588,390 | $467,000 | $558,839 |
| 54511 | Argonne, WI 54511 | 25.4 mi | 9 | $4,327,317 | $298,425 | $480,813 |
| 54539 | Lake Tomahawk, WI 54539 | 30.1 mi | 6 | $3,063,078 | $449,900 | $510,513 |
| 54501 | Rhinelander, WI 54501 | 30.5 mi | 47 | $15,180,765 | $231,975 | $322,995 |
| 49912 | Bruce Crossing, MI 49912 | 31.1 mi | 1 | $149,000 | $149,000 | $149,000 |
| 49903 | Amasa, MI 49903 | 33.6 mi | 8 | $1,412,808 | $139,900 | $176,601 |
| 54557 | Presque Isle, WI 54557 | 35.1 mi | 10 | $6,411,770 | $630,375 | $641,177 |
| 49947 | Marenisco, MI 49947 | 36.5 mi | 10 | $4,166,390 | $269,500 | $416,639 |
As of July 2026, there are 22 active listings in PHELPS, WI (zip code 54554), compared to 15 the prior year.
The median listing price in PHELPS, WI 54554 is $449,250 as of July 2026, a 16.5% decrease from $538,225 the prior year.
Homes in PHELPS, WI 54554 spend an average of 49 days on the market before going under contract, compared to 60 days the prior year.
Based on current inventory and days-on-market data as of July 2026, PHELPS, WI 54554 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 49 days on market compared to 60 days last year.
With SELL123.com's maximum 3% commission, sellers in PHELPS, WI 54554 save an estimated $8,985 compared to a typical 5% commission on the median listing price of $449,250. 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.