Is Long Lake, WI 54542 a buyer’s or seller’s market?
Long Lake is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Long Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Long Lake, WI 54542 sold above their list price, the typical home went under contract in 179 days and there were 5.6 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 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (25 days then) and the median sale price rose 15% to $207,410. Overall, Long Lake is less competitive than a year ago, which gives buyers more room.
Within Forest County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Armstrong Creek 54103 (100% sold over asking) and Wabeno 54566 (33% sold over asking) are even more competitive.
Run the numbers for 54542
Nearby markets
Argonne 54511Buyer’s market $189 /sq ftArmstrong Creek 54103Buyer’s market $353 /sq ftCrandon 54520Seller’s market $221 /sq ftLaona 54541Seller’s market $104 /sq ft Browse all markets →Where Long Lake is
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Questions about Long Lake real estate
Is Long Lake a buyer’s or seller’s market?
A balanced market: there were 5.6 months of supply in Long Lake, WI 54542 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 Long Lake?
The typical home went under contract in 179 days in the latest three months.
Do homes in Long Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.
What are property taxes in Long Lake?
About 1.07% of a home’s value a year in Forest County, or roughly $4,280 on a $400,000 home.
What is the median home price in Long Lake?
The median sale price was $207,410 in the three months ending August 31, 2026, about $226 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