Milwaukee, WI Home Values & Market Trends

Real estate market trends reflect that there have been 13,634 transactions over the past year in Milwaukee. The median value for residential home transactions that occurred over the previous year is $191,074.74. The number of current listings in Milwaukee is 323, and the percentage of properties for sale in the city is 57.17%. Milwaukee, WI currently has 242 properties in foreclosure, 60 bank owned properties, 132 properties headed for auction, and 323 properties for sale.

Milwaukee, WI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
53209

$ 112,044

$ 102/sqft

53215

$ 178,029

$ 126/sqft

53216

$ 144,979

$ 97/sqft

53204

$ 117,077

$ 86/sqft

53218

$ 153,977

$ 139/sqft

53207

$ 277,241

$ 213/sqft

53210

$ 130,497

$ 75/sqft

53221

$ 297,823

$ 191/sqft

53212

$ 223,924

$ 154/sqft

53211

$ 436,560

$ 211/sqft

53202

$ 404,481

$ 345/sqft

53208

$ 91,620

$ 42/sqft

53214

$ 222,669

$ 184/sqft

53205

$ 80,230

$ 48/sqft

53219

$ 217,551

$ 180/sqft

53203

$ 259,316

$ 228/sqft

53206

$ 43,860

$ 29/sqft

53233

$ 168,100

$ 33/sqft

53224

$ 228,932

$ 162/sqft

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Housing Market Summary for Milwaukee, WI

Aug 2022August 2023Change
Median Listing Price$176.3K$189.3K7.35%
Median Sold Price$174.9K$189.3K8.21%
Homes For Sale363322-11.29%
Homes Sold6,2474,754-23.90%
Price
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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%.

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Browse Homes in Milwaukee, WI

Milwaukee home values range from $15,225 to $6,260,784. The median estimated value of a home in Milwaukee is $191,074.74. The median list price of a home is 161,566.667, and the total count of properties in the city is 137,560.

Foreclosure
There are 19 zips within Milwaukee, WI; within these zips, the median estimated home value for homes in foreclosure ranges from $1,749,900 in 53206 to the lowest value of $22,040 in 53206. Foreclosure homes account for 0.00% of properties in Milwaukee, WI with 53209 containing 36 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in Milwaukee, WI with 53209 containing 9 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 19 zips within Milwaukee, WI; of those zips, the estimated home value for pre-foreclosure homes ranges from $289,059 in 53219 to the lowest home value of $34,105 in 53206.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Milwaukee, WI ranges from the highest value of $297,150 in 53214 to the lowest value of $52,873 in 53206. Bank owned homes and properties account for 0.04% of properties in Milwaukee, WI. There are 19 zips within Milwaukee, WI; 53216 containing 10 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    53209 has 18 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 0.10% of all properties in Milwaukee, WI. There are 19 zips within Milwaukee, WI; of those zips, the median estimated home value for homes going to auction ranges from $1,749,900 in 53211 to the lowest value of $22,040 in 53211.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.23% of residential properties in Milwaukee, WI with 53209 containing 46 homes for sale, the highest number of listed properties in a single zip. There are 19 zips within Milwaukee, WI; homes for sale in those zips, have a range of median values from $2,465,280 in 53211 to the lowest value of $29,052 in 53206.
    Sold Homes
    The median value for recently sold homes ranges from $6,260,784 in 53202 to the lowest price of $18,975 in 53202. There are 19 zips within Milwaukee, WI. 53209 has 475 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.53% of properties in Milwaukee, WI.

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