Is Manitowish Waters, WI 54545 a buyer’s or seller’s market?

The Manitowish Waters housing market right now

In the three months ending August 31, 2026, 30% of homes in Manitowish Waters, WI 54545 sold above their list price, the typical home went under contract in 56 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. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (44 days then) and the median sale price fell 25% to $657,216. Overall, Manitowish Waters is more competitive than a year ago, so tougher for buyers.

Within Vilas County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 55%.

Nearby, buyers who want less competition could look at Sayner 54560 (0% sold over asking) or Saint Germain 54558 (5% sold over asking), while Land O Lakes 54540 (50% sold over asking) and Star Lake 54561 (50% sold over asking) are even more competitive.