Milwaukee, WI Home Values & Market Trends
Real estate market trends reflect that there have been 8,696 transactions over the past year in Milwaukee. The median value for residential home transactions that occurred over the previous year is $176,962.25. The number of current listings in Milwaukee is 292, and the percentage of properties for sale in the city is 292.00%. Milwaukee, WI currently has 166 properties in foreclosure, 57 bank owned properties, 109 properties headed for auction, and 292 properties for sale.
Milwaukee, WI Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
53218 | $ 114,900 $ 170/sqft | 53221 | $ 231,950 $ 171/sqft |
53209 | $ 115,286 $ 99/sqft | 53212 | $ 293,645 $ 176/sqft |
53206 | $ 51,290 $ 32/sqft | 53224 | $ 241,228 $ 138/sqft |
53216 | $ 121,586 $ 96/sqft | 53225 | $ 266,754 $ 159/sqft |
53217 | $ 607,479 $ 218/sqft | 53208 | $ 234,750 $ 140/sqft |
53223 | $ 108,796 $ 89/sqft | 53226 | $ 382,174 $ 180/sqft |
53210 | $ 129,375 $ 95/sqft | 53227 | $ 240,416 $ 173/sqft |
53214 | $ 202,087 $ 163/sqft | 53204 | $ 131,500 $ 96/sqft |
53215 | $ 127,786 $ 87/sqft | 53228 | $ 251,936 $ 165/sqft |
53202 | $ 294,574 $ 279/sqft | 53213 | $ 363,025 $ 183/sqft |
53220 | $ 199,900 $ 159/sqft | 53233 | $ 425,000 $ 187/sqft |
53207 | $ 227,000 $ 206/sqft | 53205 | $ 181,950 $ 130/sqft |
53222 | $ 213,469 $ 161/sqft | 53203 | $ 142,500 $ 263/sqft |
53211 | $ 591,300 $ 234/sqft | 53295 | $ -- $ -- |
53219 | $ 192,124 $ 166/sqft |
Housing Market Summary for Milwaukee, WI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $177.4K | $166.6K | -6.08% |
Median Sold Price | $175.2K | $166.6K | -4.92% |
Homes For Sale | 184 | 286 | 55.43% |
Homes Sold | 4,010 | 4,606 | 14.86% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Milwaukee, WI
Browse Homes in Milwaukee, WI
Milwaukee home values range from $13,908 to $25,435,716. The median estimated value of a home in Milwaukee is $176,962.25. The median list price of a home is 169,900, and the total count of properties in the city is 137,636.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Milwaukee, WI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 29 zips within Milwaukee, WI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Milwaukee, WI ranges from the highest value of $169,163 in 53214 to the lowest value of $33,174 in 53224. Bank owned homes and properties account for 0.04% of properties in Milwaukee, WI. There are 29 zips within Milwaukee, WI; 53210 containing 9 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions53216 has 20 auction properties, the highest number of properties going to auction in a single zip in the state of Milwaukee, WI. Auction homes and other auction properties account for 0.08% of all properties in Milwaukee, WI. There are 29 zips within Milwaukee, WI; of those zips, the median estimated home value for homes going to auction ranges from $253,904 in 53211 to the lowest value of $28,340 in 53211.
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Guide for Milwaukee, WI
Milwaukee’s real estate market has shown growth with increasing property values and sold prices in the past year. However, the market contrasts with wealthier neighboring cities with higher average sold prices.
In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Wisconsin Foreclosure Laws