Is Star Lake, WI 54561 a buyer’s or seller’s market?
Star Lake is a seller’s market. With about 1.6 months of supply and 50% 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.
The Star Lake housing market right now
In the three months ending August 31, 2026, 50% of homes in Star Lake, WI 54561 sold above their list price, the typical home went under contract in 27 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Within Vilas County, homes here sell faster than in any other ZIP code in the county, 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 54561
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 Star Lake is
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Questions about Star Lake real estate
Is Star Lake a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Star Lake, WI 54561 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 Star Lake?
The typical home went under contract in 27 days in the latest three months.
Do homes in Star Lake sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Star Lake?
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 Star Lake?
The median sale price was $1,109,020 in the three months ending August 31, 2026, about $410 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