Is Summit Lake, WI 54485 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Summit Lake is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Summit Lake housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Langlade County, WI

Population	395
Median income	$83,438
Average income	$113,364
Median home value	$251,900
Owner-occupied	98% of homes
Median year built	1978

Natural hazard riskTornadoes (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 54485; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 54485

Prefilled for 54485Can I win this house?Multiple-offer likelihood for a listing Prefilled for 54485Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Antigo 54409Seller’s market $133 /sq ft Bryant 54418 — /sq ft Deerbrook 54424Buyer’s market $223 /sq ft Elcho 54428Buyer’s market $309 /sq ft Browse all markets →

Where Summit Lake is

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Questions about Summit Lake real estate

What are property taxes in Summit Lake?

About 1.25% of a home’s value a year in Langlade County, or roughly $5,000 on a $400,000 home.

Local agents

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More tools for 54485

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Langlade County property taxes Langlade County loan limits Closing costs in Wisconsin Hottest ZIP codes in Wisconsin

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