Is Tomahawk, WI 54487 a buyer’s or seller’s market?
Tomahawk is a seller’s market. With about 2.9 months of supply and 22% 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 46% of U.S. ZIP codes, and #266 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 Tomahawk housing market right now
In the three months ending August 31, 2026, 22% of homes in Tomahawk, WI 54487 sold above their list price, the typical home went under contract in 56 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 70 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold about as fast and the median sale price rose 36% to $397,328. Overall, Tomahawk is more competitive than a year ago, so tougher for buyers.
On our competition score, Tomahawk ranks #266 of 319 WI ZIP codes with enough sales (score 46 out of 100).
Nearby, buyers who want less competition could look at Irma 54442 (0% sold over asking), while Merrill 54452 (47% sold over asking) and Gleason 54435 (33% sold over asking) are even more competitive.
Run the numbers for 54487
Nearby markets
Gleason 54435Seller’s market $229 /sq ftIrma 54442Buyer’s market $209 /sq ftMerrill 54452Seller’s market $145 /sq ft Browse all markets →Towns like Tomahawk nearby
Find towns like Tomahawk in other states →Where Tomahawk is
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Questions about Tomahawk real estate
Is Tomahawk a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Tomahawk, WI 54487 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 Tomahawk?
The typical home went under contract in 56 days in the latest three months.
Do homes in Tomahawk sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Tomahawk?
About 1.32% of a home’s value a year in Lincoln County, or roughly $5,280 on a $400,000 home.
What is the median home price in Tomahawk?
The median sale price was $397,328 in the three months ending August 31, 2026, about $222 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