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SHELL LAKE, WI 54871

Real Estate Market Report  ·  Washburn County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
16
⇧ 33.3% vs 12 last year
Pending
4
25% pending ratio
Median Price
$249,900
⇩ 16.7% vs $299,900 last year
Average Price
$463,779
⇧ 31.7% vs $352,067 last year
Days on Market
82
⇩ 7.9% vs 89 days last year

Market Context

Population: 3,296  ·  Density: 11.0/mi²  ·  Median household income: $59,732

Typical home value: $194,734  ·  Homeownership: 81.3%

Market Analysis

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

The SHELL LAKE, WI real estate market (54871) currently shows 16 active listings, with 4 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 82 days on market compared to 89 days last year.

The median listing price has fallen 16.7% year-over-year, from $299,900 to $249,900.

Whether you are buying or selling in SHELL LAKE, 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: 16 this year vs 12 last year
  • Days on market: 82 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $249,900 (-16.7% YoY)
  • Average: $463,779 (+31.7% 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 30.5 miles — 146 listings ($73,227,227 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54871Shell Lake, WI 548710.0 mi16$7,420,464$249,900$463,779
54845Hertel, WI 548457.5 mi2$230,000$115,000$115,000
54870Sarona, WI 5487012.0 mi2$1,209,800$604,900$604,900
54893Webster, WI 5489316.7 mi13$7,477,457$415,000$575,189
54888Trego, WI 5488817.6 mi9$3,112,020$347,500$345,780
54868Rice Lake, WI 5486820.9 mi53$19,264,175$349,500$363,475
54857Mikana, WI 5485722.5 mi0$0$395,000$395,000
54817Birchwood, WI 5481723.5 mi19$18,921,131$417,000$995,849
54853Luck, WI 5485324.2 mi8$3,617,600$387,450$452,200
54876Stone Lake, WI 5487624.8 mi11$7,949,700$375,000$722,700
54858Milltown, WI 5485826.5 mi6$1,855,200$299,900$309,200
54859Minong, WI 5485927.8 mi6$1,774,680$310,000$295,780
54004Clayton, WI 5400430.5 mi1$395,000$395,000$395,000

Frequently Asked Questions

How many homes are for sale in SHELL LAKE, WI 54871?

As of January 2026, there are 16 active listings in SHELL LAKE, WI (zip code 54871), compared to 12 the prior year.

What is the median home price in SHELL LAKE, WI 54871?

The median listing price in SHELL LAKE, WI 54871 is $249,900 as of January 2026, a 16.7% decrease from $299,900 the prior year.

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

Homes in SHELL LAKE, WI 54871 spend an average of 82 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in SHELL LAKE, WI 54871?

Based on current inventory and days-on-market data as of January 2026, SHELL LAKE, WI 54871 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 82 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHELL LAKE, WI 54871 save an estimated $4,998 compared to a typical 5% commission on the median listing price of $249,900. 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.