Is Land O Lakes, WI 54540 a buyer’s or seller’s market?
Land O Lakes is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Land O Lakes housing market right now
In the three months ending August 31, 2026, 50% of homes in Land O Lakes, WI 54540 sold above their list price, the typical home went under contract in 45 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 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 25%, homes sold faster (49 days then) and the median sale price rose 24% to $512,278. Overall, Land O Lakes is more competitive than a year ago, so tougher for buyers.
Within Vilas County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Sayner 54560 (0% sold over asking) or Saint Germain 54558 (5% sold over asking).
Run the numbers for 54540
Nearby markets
Boulder Junction 54512Seller’s market $338 /sq ftConover 54519Seller’s market $271 /sq ftEagle River 54521Seller’s market $257 /sq ftLac Du Flambeau 54538Balanced $398 /sq ft Browse all markets →Where Land O Lakes is
Loading map…
Questions about Land O Lakes real estate
Is Land O Lakes a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Land O Lakes, WI 54540 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 Land O Lakes?
The typical home went under contract in 45 days in the latest three months.
Do homes in Land O Lakes sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Land O Lakes?
About 0.73% of a home’s value a year in Vilas County, or roughly $2,920 on a $400,000 home.
What is the median home price in Land O Lakes?
The median sale price was $512,278 in the three months ending August 31, 2026, about $327 per square foot.
Local agents
See all agents in 54540 →No sponsored agents in 54540 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 54540
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology