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Featured local agent — Lake Shangrila, WI
Sarah Mitchell
Compass Real Estate · Lake Shangrila, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Shangrila, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$535,000median sale price
How is the Lake Shangrila, WI housing market right now?
The median home sale price in Lake Shangrila, WI is $535,000, up 18.9% year-over-year. Homes sell in an average of 62 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Shangrila a buyer's or seller's market?
Lake Shangrila, WI is currently a balanced market, based on 2.0 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
62
Average pace
Active listings
4
2.0 months supply
Sale-to-list
95.0%
Below asking
What does the Lake Shangrila housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $535,000 |
| Median list price | $399,950 |
| Year-over-year price change | +18.9% |
| Average days on market | 62 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $277/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Shangrila by property type?
How the Lake Shangrila, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,000 | $277/sq ft | 2 | 62 days |
Source: Redfin · Updated monthly
The Lake Shangrila housing market is currently classified as a balanced market with a median sale price of $535,000. Prices have risen 18.9% compared to last year, with homes spending an average of 62 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Shangrila
There are currently 4 homes listed for sale in Lake Shangrila, Wisconsin. The median listing price is $400K.
Active listings
4
Homes on market
Median list price
$400K
Avg. days on market
62
Days until sale
New this week
4
Newly listed
What are homes worth in Lake Shangrila?
Zillow home value
$419,283
Source: Zillow Research
Which cities are near Lake Shangrila, WI?
Want a head-to-head view? Compare Lake Shangrila side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Shangrila?
The median home sale price in Lake Shangrila is $535,000, up 18.9% from last year.
How long do homes stay on market in Lake Shangrila?
Homes typically spend 62 days on market before going under contract.
Is Lake Shangrila a buyer's or seller's market?
With 2.0 months of supply, Lake Shangrila is currently a balanced market.
What is the Zillow home value estimate for Lake Shangrila?
The Zillow Home Value Index (ZHVI) for Lake Shangrila is $419,283, representing the typical home value in the area.
How much does a single-family home cost in Lake Shangrila?
The median single-family home price in Lake Shangrila, WI is $535,000 (about $277 per square foot).
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