Is Algoma, WI 54201 a buyer’s or seller’s market?
Algoma is a seller’s market. With about 2.6 months of supply and 19% 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.
More competitive than 36% of U.S. ZIP codes, and #286 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Algoma housing market right now
In the three months ending August 31, 2026, 19% of homes in Algoma, WI 54201 sold above their list price, the typical home went under contract in 60 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold more slowly (48 days then) and the median sale price rose 52% to $320,110. Overall, Algoma is less competitive than a year ago, which gives buyers more room.
On our competition score, Algoma ranks #286 of 319 WI ZIP codes with enough sales (score 38 out of 100).
Nearby, Kewaunee 54216 (50% sold over asking) and Luxemburg 54217 (37% sold over asking) are even more competitive.
Run the numbers for 54201
Nearby markets
Casco 54205Seller’s market $140 /sq ftKewaunee 54216Balanced $182 /sq ftLuxemburg 54217Seller’s market $228 /sq ft Browse all markets →Towns like Algoma nearby
Find towns like Algoma in other states →Where Algoma is
Loading map…
Questions about Algoma real estate
Is Algoma a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Algoma, WI 54201 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Algoma?
The typical home went under contract in 60 days in the latest three months.
Do homes in Algoma sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Algoma?
About 1.44% of a home’s value a year in Kewaunee County, or roughly $5,760 on a $400,000 home.
What is the median home price in Algoma?
The median sale price was $320,110 in the three months ending August 31, 2026, about $185 per square foot.
Local agents
See all agents in 54201 →No sponsored agents in 54201 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 54201
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology