Is Pelican Lake, WI 54463 a buyer’s or seller’s market?
Pelican Lake is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pelican Lake housing market right now
In the three months ending August 31, 2026, 33% of homes in Pelican Lake, WI 54463 sold above their list price, the typical home went under contract in 52 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (64 days then) and the median sale price rose 7% to $370,340. Overall, Pelican Lake is more competitive than a year ago, so tougher for buyers.
Within Oneida County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 86%.
Nearby, buyers who want less competition could look at Tripoli 54564 (0% sold over asking) or Three Lakes 54562 (13% sold over asking), while Harshaw 54529 (43% sold over asking) is even more competitive.
Run the numbers for 54463
Nearby markets
Harshaw 54529Balanced $311 /sq ftHazelhurst 54531Balanced $286 /sq ftLake Tomahawk 54539Seller’s market $246 /sq ftMinocqua 54548Seller’s market $288 /sq ft Browse all markets →Where Pelican Lake is
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Questions about Pelican Lake real estate
Is Pelican Lake a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Pelican Lake, WI 54463 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 Pelican Lake?
The typical home went under contract in 52 days in the latest three months.
Do homes in Pelican Lake sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Pelican Lake?
About 0.89% of a home’s value a year in Oneida County, or roughly $3,560 on a $400,000 home.
What is the median home price in Pelican Lake?
The median sale price was $370,340 in the three months ending August 31, 2026, about $207 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology