Is Elmwood, WI 54740 a buyer’s or seller’s market?
Elmwood is a seller’s market. With about 3.2 months of supply and 20% 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 Elmwood housing market right now
In the three months ending August 31, 2026, 20% of homes in Elmwood, WI 54740 sold above their list price, the typical home went under contract in 26 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 0%, homes sold faster (55 days then) and the median sale price rose 14% to $277,880. Overall, Elmwood is more competitive than a year ago, so tougher for buyers.
Within Pierce County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Beldenville 54003 (100% sold over asking) and Bay City 54723 (75% sold over asking) are even more competitive.
Run the numbers for 54740
Nearby markets
Bay City 54723Seller’s market $179 /sq ftBeldenville 54003Buyer’s market $175 /sq ftEllsworth 54011Balanced $229 /sq ftHager City 54014Seller’s market $208 /sq ft Browse all markets →Towns like Elmwood nearby
Find towns like Elmwood in other states →Where Elmwood is
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Questions about Elmwood real estate
Is Elmwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Elmwood, WI 54740 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 Elmwood?
The typical home went under contract in 26 days in the latest three months.
Do homes in Elmwood sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 104.2% of the list price.
What are property taxes in Elmwood?
About 1.36% of a home’s value a year in Pierce County, or roughly $5,440 on a $400,000 home.
What is the median home price in Elmwood?
The median sale price was $277,880 in the three months ending August 31, 2026, about $231 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