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LAKE NEBAGAMON, WI 54849

Real Estate Market Report  ·  Douglas County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
2
40% pending ratio
Median Price
$549,000
⇩ 14.5% vs $642,000 last year
Average Price
$574,667
⇩ 10.5% vs $642,000 last year
Days on Market
202
⇧ 36.5% vs 148 days last year

Market Context

Population: 1,864  ·  Density: 8.3/mi²  ·  Median household income: $75,625

Typical home value: $234,368  ·  Homeownership: 92.1%

Market Analysis

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

The LAKE NEBAGAMON, WI real estate market (54849) currently shows 5 active listings, with 2 pending sales. Homes are averaging 202 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 202 days on market compared to 148 days last year.

The median listing price has fallen 14.5% year-over-year, from $642,000 to $549,000.

Whether you are buying or selling in LAKE NEBAGAMON, 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: 5 this year vs 3 last year
  • Days on market: 202 now vs 148 last year

Median & Average Pricing

Year over Year
  • Median: $549,000 (-14.5% YoY)
  • Average: $574,667 (-10.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 33.3 miles — 155 listings ($61,560,336 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54849Lake Nebagamon, WI 548490.0 mi5$2,873,335$549,000$574,667
54864Poplar, WI 548649.4 mi2$990,000$495,000$495,000
54854Maple, WI 5485411.5 mi1$185,000$185,000$185,000
54847Iron River, WI 5484716.3 mi20$10,834,000$375,000$541,700
54880Superior, WI 5488021.0 mi55$13,898,995$235,000$252,709
54836Foxboro, WI 5483622.9 mi1$272,500$272,500$272,500
54859Minong, WI 5485925.2 mi6$1,774,680$310,000$295,780
55807Duluth, MN 5580727.8 mi16$4,437,440$244,450$277,340
55808Duluth, MN 5580828.3 mi9$3,157,947$220,000$350,883
55805Duluth, MN 5580528.6 mi8$1,853,464$237,450$231,683
54856Mason, WI 5485629.4 mi6$1,791,900$324,900$298,650
54844Herbster, WI 5484431.9 mi3$2,030,901$315,000$676,967
55804Duluth, MN 5580433.3 mi23$17,460,174$669,950$759,138

Frequently Asked Questions

How many homes are for sale in LAKE NEBAGAMON, WI 54849?

As of January 2026, there are 5 active listings in LAKE NEBAGAMON, WI (zip code 54849), compared to 3 the prior year.

What is the median home price in LAKE NEBAGAMON, WI 54849?

The median listing price in LAKE NEBAGAMON, WI 54849 is $549,000 as of January 2026, a 14.5% decrease from $642,000 the prior year.

How long do homes stay on the market in LAKE NEBAGAMON, WI?

Homes in LAKE NEBAGAMON, WI 54849 spend an average of 202 days on the market before going under contract, compared to 148 days the prior year.

Is it a seller's or buyer's market in LAKE NEBAGAMON, WI 54849?

Based on current inventory and days-on-market data as of January 2026, LAKE NEBAGAMON, WI 54849 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 202 days on market compared to 148 days last year.

How much can I save on real estate commission in LAKE NEBAGAMON, WI?

With SELL123.com's maximum 3% commission, sellers in LAKE NEBAGAMON, WI 54849 save an estimated $10,980 compared to a typical 5% commission on the median listing price of $549,000. 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.