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THREE LAKES, WI 54562

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

Market Overview

Active Listings
9
⇩ 10% vs 10 last year
Pending
4
44% pending ratio
Median Price
$1,474,500
⇧ 194.3% vs $501,000 last year
Average Price
$1,268,333
⇧ 26.3% vs $1,004,136 last year
Days on Market
111
⇩ 3.5% vs 115 days last year

Market Context

Population: 1,880  ·  Density: 5.0/mi²  ·  Median household income: $53,625

Typical home value: $295,344  ·  Homeownership: 89.2%

Market Analysis

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

The THREE LAKES, WI real estate market (54562) currently shows 9 active listings, with 4 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 111 days on market compared to 115 days last year.

The median listing price has risen 194.3% year-over-year, from $501,000 to $1,474,500.

Whether you are buying or selling in THREE LAKES, 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: 9 this year vs 10 last year
  • Days on market: 111 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $1,474,500 (+194.3% YoY)
  • Average: $1,268,333 (+26.3% 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 31.0 miles — 143 listings ($89,964,581 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54562Three Lakes, WI 545620.0 mi9$11,414,997$1,474,500$1,268,333
54511Argonne, WI 5451113.5 mi8$3,231,736$157,450$403,967
54554Phelps, WI 5455416.9 mi14$15,303,260$774,000$1,093,090
54519Conover, WI 5451919.0 mi2$1,468,000$734,000$734,000
54558Saint Germain, WI 5455821.5 mi13$7,294,482$492,450$561,114
54539Lake Tomahawk, WI 5453923.8 mi9$4,089,726$449,900$454,414
54428Elcho, WI 5442826.3 mi4$1,388,700$254,450$347,175
54540Land O'Lakes, WI 5454027.8 mi4$1,139,200$64,900$284,800
54462Pearson, WI 5446229.1 mi1$324,225$324,225$324,225
54529Harshaw, WI 5452929.4 mi9$11,087,613$349,900$1,231,957
54568Woodruff, WI 5456830.1 mi29$17,042,227$687,000$587,663
54465Pickerel, WI 5446530.4 mi9$5,845,599$649,900$649,511
49935Iron River, MI 4993531.0 mi32$10,334,816$175,000$322,963

Frequently Asked Questions

How many homes are for sale in THREE LAKES, WI 54562?

As of January 2026, there are 9 active listings in THREE LAKES, WI (zip code 54562), compared to 10 the prior year.

What is the median home price in THREE LAKES, WI 54562?

The median listing price in THREE LAKES, WI 54562 is $1,474,500 as of January 2026, a 194.3% increase from $501,000 the prior year.

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

Homes in THREE LAKES, WI 54562 spend an average of 111 days on the market before going under contract, compared to 115 days the prior year.

Is it a seller's or buyer's market in THREE LAKES, WI 54562?

Based on current inventory and days-on-market data as of January 2026, THREE LAKES, WI 54562 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 111 days on market compared to 115 days last year.

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

With SELL123.com's maximum 3% commission, sellers in THREE LAKES, WI 54562 save an estimated $29,490 compared to a typical 5% commission on the median listing price of $1,474,500. 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.