Is Manawa, WI 54949 a buyer’s or seller’s market?

The Manawa housing market right now

In the three months ending August 31, 2026, 33% of homes in Manawa, WI 54949 sold above their list price, the typical home went under contract in 61 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold more slowly (53 days then) and the median sale price fell 20% to $228,901. Overall, Manawa is less competitive than a year ago, which gives buyers more room.

Within Waupaca County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 62%.

Nearby, buyers who want less competition could look at Marion 54950 (25% sold over asking) or Waupaca 54981 (27% sold over asking), while Ogdensburg 54962 (60% sold over asking) and New London 54961 (53% sold over asking) are even more competitive.