Is Lake Tomahawk, WI 54539 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Lake Tomahawk is a seller’s market. With about 3.5 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.5Under 4 months = seller’s market

Sold above original list30%Share of sales, last 3 months

Median sale-to-list99.2%Sold price ÷ list price

Median days on market45Listing to accepted offer

Median price per sq ft$246▼ −5.8% vs. last year

Run the numbers for 54539

Prefilled for 54539Can I win this house?Multiple-offer likelihood for a listing Prefilled for 54539Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Harshaw 54529Balanced $311 /sq ft Hazelhurst 54531Balanced $286 /sq ft Minocqua 54548Seller’s market $288 /sq ft Pelican Lake 54463Buyer’s market $207 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology