Is Marengo, WI 54855 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Marengo is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list102.7%Sold price ÷ list price

Median days on market20Listing to accepted offer

Median price per sq ft$44▼ −70.1% vs. last year

The Marengo housing market right now

In the three months ending August 31, 2026, 100% of homes in Marengo, WI 54855 sold above their list price and the typical home went under contract in 20 days. With only 1 sale, 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 (126 days then) and the median sale price fell 49% to $76,467. Overall, Marengo is more competitive than a year ago, so tougher for buyers.

Within Ashland County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at La Pointe 54850 (0% sold over asking) or Glidden 54527 (0% sold over asking).

About the area

Ashland County, WI

Population	924
Median income	$56,875
Average income	$77,021
Median home value	$205,300
Median rent	$775/month
Owner-occupied	85% of homes
Median year built	1986

Natural hazard riskWinter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 54855; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 54855

Prefilled for 54855Can I win this house?Multiple-offer likelihood for a listing Prefilled for 54855Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashland 54806Seller’s market $112 /sq ft Butternut 54514Balanced $216 /sq ft Glidden 54527Seller’s market $135 /sq ft High Bridge 54846 $188 /sq ft Browse all markets →

Where Marengo is

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Questions about Marengo real estate

How fast do homes sell in Marengo?

The typical home went under contract in 20 days in the latest three months.

Do homes in Marengo sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 102.7% of the list price.

What are property taxes in Marengo?

About 1.42% of a home’s value a year in Ashland County, or roughly $5,680 on a $400,000 home.

What is the median home price in Marengo?

The median sale price was $76,467 in the three months ending August 31, 2026, about $44 per square foot.

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More tools for 54855

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Ashland County property taxes Ashland County loan limits Closing costs in Wisconsin Hottest ZIP codes in Wisconsin

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology