Is Waupaca, WI 54981 a buyer’s or seller’s market?
Waupaca is a seller’s market. With about 2.8 months of supply and 27% 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.
More competitive than 58% of U.S. ZIP codes, and #220 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Waupaca housing market right now
In the three months ending August 31, 2026, 27% of homes in Waupaca, WI 54981 sold above their list price, the typical home went under contract in 56 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 65 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold more slowly (52 days then) and the median sale price rose 7% to $339,753. Overall, Waupaca is less competitive than a year ago, which gives buyers more room.
Within Waupaca County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Waupaca ranks #220 of 319 WI ZIP codes with enough sales (score 56 out of 100).
Nearby, Ogdensburg 54962 (60% sold over asking) and New London 54961 (53% sold over asking) are even more competitive.
Run the numbers for 54981
Nearby markets
Clintonville 54929Seller’s market $134 /sq ftEmbarrass 54933 — /sq ftIola 54945Balanced $159 /sq ftManawa 54949Seller’s market $139 /sq ft Browse all markets →Towns like Waupaca nearby
Find towns like Waupaca in other states →Where Waupaca is
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Questions about Waupaca real estate
Is Waupaca a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Waupaca, WI 54981 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 Waupaca?
The typical home went under contract in 56 days in the latest three months.
Do homes in Waupaca sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Waupaca?
About 1.38% of a home’s value a year in Waupaca County, or roughly $5,520 on a $400,000 home.
What is the median home price in Waupaca?
The median sale price was $339,753 in the three months ending August 31, 2026, about $193 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