Is Milltown, WI 54858 a buyer’s or seller’s market?
Milltown is a seller’s market. With about 3.2 months of supply and 29% 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 Milltown housing market right now
In the three months ending August 31, 2026, 29% of homes in Milltown, WI 54858 sold above their list price, the typical home went under contract in 56 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 7 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 14%, homes sold faster (63 days then) and the median sale price rose 2% to $277,880. Overall, Milltown is more competitive than a year ago, so tougher for buyers.
Within Polk County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell more often over asking than in 62%.
Nearby, buyers who want less competition could look at Comstock 54826 (0% sold over asking) or Cushing 54006 (0% sold over asking), while Dresser 54009 (44% sold over asking) and Centuria 54824 (40% sold over asking) are even more competitive.
Run the numbers for 54858
Nearby markets
Amery 54001Seller’s market $200 /sq ftBalsam Lake 54810Seller’s market $263 /sq ftCenturia 54824Seller’s market $266 /sq ftClear Lake 54005Balanced $206 /sq ft Browse all markets →Towns like Milltown nearby
Find towns like Milltown in other states →Where Milltown is
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Questions about Milltown real estate
Is Milltown a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Milltown, WI 54858 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 Milltown?
The typical home went under contract in 56 days in the latest three months.
Do homes in Milltown sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What are property taxes in Milltown?
About 1.13% of a home’s value a year in Polk County, or roughly $4,520 on a $400,000 home.
What is the median home price in Milltown?
The median sale price was $277,880 in the three months ending August 31, 2026, about $114 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