Data as of September 2026. Source: Realtor.com.
The PHELPS, WI real estate market (54554) currently shows 20 active listings, with 5 pending sales. Homes are averaging 72 days on the market before going under contract.
Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.
Homes are selling faster, averaging 72 days on market compared to 75 days last year.
The median listing price has risen 51.7% year-over-year, from $584,725 to $886,749.
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 September 2026, there are 20 active listings in PHELPS, WI (zip code 54554), compared to 17 the prior year.
The median listing price in PHELPS, WI 54554 is $886,749 as of September 2026, a 51.7% increase from $584,725 the prior year.
Homes in PHELPS, WI 54554 spend an average of 72 days on the market before going under contract, compared to 75 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PHELPS, WI 54554 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 72 days on market compared to 75 days last year.
With SELL123.com's maximum 3% commission, sellers in PHELPS, WI 54554 save an estimated $17,735 compared to a typical 5% commission on the median listing price of $886,749. 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.