Population: 1,880 · Density: 5.0/mi² · Median household income: $53,625
Typical home value: $295,344 · Homeownership: 89.2%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 54562 | Three Lakes, WI 54562 | 0.0 mi | 9 | $11,414,997 | $1,474,500 | $1,268,333 |
| 54511 | Argonne, WI 54511 | 13.5 mi | 8 | $3,231,736 | $157,450 | $403,967 |
| 54554 | Phelps, WI 54554 | 16.9 mi | 14 | $15,303,260 | $774,000 | $1,093,090 |
| 54519 | Conover, WI 54519 | 19.0 mi | 2 | $1,468,000 | $734,000 | $734,000 |
| 54558 | Saint Germain, WI 54558 | 21.5 mi | 13 | $7,294,482 | $492,450 | $561,114 |
| 54539 | Lake Tomahawk, WI 54539 | 23.8 mi | 9 | $4,089,726 | $449,900 | $454,414 |
| 54428 | Elcho, WI 54428 | 26.3 mi | 4 | $1,388,700 | $254,450 | $347,175 |
| 54540 | Land O'Lakes, WI 54540 | 27.8 mi | 4 | $1,139,200 | $64,900 | $284,800 |
| 54462 | Pearson, WI 54462 | 29.1 mi | 1 | $324,225 | $324,225 | $324,225 |
| 54529 | Harshaw, WI 54529 | 29.4 mi | 9 | $11,087,613 | $349,900 | $1,231,957 |
| 54568 | Woodruff, WI 54568 | 30.1 mi | 29 | $17,042,227 | $687,000 | $587,663 |
| 54465 | Pickerel, WI 54465 | 30.4 mi | 9 | $5,845,599 | $649,900 | $649,511 |
| 49935 | Iron River, MI 49935 | 31.0 mi | 32 | $10,334,816 | $175,000 | $322,963 |
As of January 2026, there are 9 active listings in THREE LAKES, WI (zip code 54562), compared to 10 the prior year.
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.
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.
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.
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.