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THREE LAKES, WI 54562

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The THREE LAKES, WI real estate market (54562) currently shows 6 active listings, with 2 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 60 days on market compared to 151 days last year.

The median listing price has risen 177.5% year-over-year, from $459,000 to $1,273,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
6
⇩ 45.5% vs 11 last year
Pending
2
33% pending ratio
Median Price
$1,273,500
⇧ 177.5% vs $459,000 last year
Average Price
$1,101,458
⇧ 37.5% vs $801,313 last year
Days on Market
60
⇩ 60.3% vs 151 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 11 last year
  • Days on market: 60 now vs 151 last year

Median & Average Pricing

Year over Year
  • Median: $1,273,500 (+177.5% YoY)
  • Average: $1,101,458 (+37.5% 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 30.7 miles — 68 listings ($69,062,753 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54562Three Lakes, WI 545620.0 mi6$7,746,300$1,675,000$1,291,050
54511Argonne, WI 5451113.5 mi9$4,327,317$298,425$480,813
54554Phelps, WI 5455416.9 mi11$11,164,725$604,700$1,014,975
54519Conover, WI 5451919.0 mi3$2,202,000$734,000$734,000
54558Saint Germain, WI 5455821.5 mi10$5,588,390$467,000$558,839
54539Lake Tomahawk, WI 5453923.8 mi6$3,063,078$449,900$510,513
54428Elcho, WI 5442826.3 mi5$1,893,460$289,000$378,692
54540Land O'Lakes, WI 5454027.8 mi4$412,332$64,800$103,083
54120Fence, WI 5412028.7 mi2$567,500$283,750$283,750
49927Gaastra, MI 4992729.3 mi1$69,900$69,900$69,900
54485Summit Lake, WI 5448529.6 mi3$1,099,251$312,250$366,417
54103Armstrong Creek, WI 5410330.3 mi1$199,900$199,900$199,900
49969Watersmeet, MI 4996930.7 mi7$30,728,600$3,900,000$4,389,800

Frequently Asked Questions

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

As of March 2026, there are 6 active listings in THREE LAKES, WI (zip code 54562), compared to 11 the prior year.

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

The median listing price in THREE LAKES, WI 54562 is $1,273,500 as of March 2026, a 177.5% increase from $459,000 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 60 days on the market before going under contract, compared to 151 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 March 2026, THREE LAKES, WI 54562 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 60 days on market compared to 151 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 $25,470 compared to a typical 5% commission on the median listing price of $1,273,500. 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.