Is Presque Isle, WI 54557 a buyer’s or seller’s market?

The Presque Isle housing market right now

In the three months ending August 31, 2026, 25% of homes in Presque Isle, WI 54557 sold above their list price, the typical home went under contract in 65 days and there were 5.2 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. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold faster (68 days then) and the median sale price rose 11% to $622,231. Overall, Presque Isle is about as competitive as it was a year ago.

Within Vilas County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, Presque Isle ranks #285 of 319 WI ZIP codes with enough sales (score 38 out of 100).

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.