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Is Mason, WI 54856 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Mason is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.5%Sold price ÷ list price
Median days on market201Listing to accepted offer
Median price per sq ft$221▲ +168.2% vs. last year

The Mason housing market right now

In the three months ending August 31, 2026, 0% of homes in Mason, WI 54856 sold above their list price, the typical home went under contract in 201 days and there were 4 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. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (213 days then) and the median sale price rose 89% to $349,849. Overall, Mason is more competitive than a year ago, so tougher for buyers.

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

Nearby, Bayfield 54814 (38% sold over asking) and Port Wing 54865 (33% sold over asking) are even more competitive.

Run the numbers for 54856

Prefilled for 54856Can I win this house?Multiple-offer likelihood for a listing Prefilled for 54856Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bayfield 54814Balanced $268 /sq ftCable 54821Buyer’s market $268 /sq ftCornucopia 54827Buyer’s market $223 /sq ftDrummond 54832 $187 /sq ft Browse all markets →

Towns like Mason nearby

Find towns like Mason in other states →
Solon Springs, WI54873 · 32 miles away80% similarpricier homes ($59K more) · larger Iron River, WI54847 · 17 miles away79% similarpricier homes ($73K more) · larger Poplar, WI54864 · 34 miles away73% similarpricier homes ($48K more) · younger residents South Range, WI54874 · 39 miles away73% similarpricier homes ($25K more) · larger

Where Mason is

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Questions about Mason real estate

Is Mason a buyer’s or seller’s market?

A balanced market: there were 4 months of supply in Mason, WI 54856 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 Mason?

The typical home went under contract in 201 days in the latest three months.

Do homes in Mason sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.

What are property taxes in Mason?

About 1.01% of a home’s value a year in Bayfield County, or roughly $4,040 on a $400,000 home.

What is the median home price in Mason?

The median sale price was $349,849 in the three months ending August 31, 2026, about $221 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