Unshakable ZIP Data 54847 | Iron River, WI Housing Market
Iron River · Bayfield County · Wisconsin · Data updated June 19, 2026
The median sale price in ZIP 54847, Iron River, Wisconsin is $274,918 at $249 per square foot. 11 single-family homes sold in the latest period, up 88.8 percent from a year earlier. Homes sit a median of 65 days on market with 6.1 months of supply. Sellers are getting 96.6 percent of list price and 45.5 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $298,781 | |
| Average price per sq ft | $271 | |
| Median sale price | $274,918 | |
| Median sale price per sq ft | $249 | |
| Median home size | 1,104 sq ft | |
| Median new listing price | $356,949 | +2.0% |
| National size rank | 19,586 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 11 | +88.8% |
| Median days on market | 65 days | |
| Months of supply | 6.1 months | |
| New listings | 19 | -8.1% |
| Active listings | 37 | +13.6% |
| Pending sales | 14 | +57.7% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 96.6% | -0.2 pts |
| Share sold above list | 45.5% | +12.1 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$294,364
3-bedroom
$361,382
These figures describe the single-family market for Iron River, Wisconsin ZIP 54847. They are market context, not a substitute for sold comps or a formal appraisal.