Milwaukee, WI Home Values & Market Trends
Real estate market trends reflect that there have been 8,694 transactions over the past year in Milwaukee. The median value for residential home transactions that occurred over the previous year is $176,968.13. The number of current listings in Milwaukee is 279, and the percentage of properties for sale in the city is 279.00%. Milwaukee, WI currently has 157 properties in foreclosure, 55 bank owned properties, 102 properties headed for auction, and 279 properties for sale.
Milwaukee, WI Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 53218 | $ 114,900 $ 170/sqft | 53219 | $ 202,148 $ 193/sqft |
| 53209 | $ 115,000 $ 98/sqft | 53221 | $ 257,450 $ 179/sqft |
| 53216 | $ 147,450 $ 99/sqft | 53228 | $ 249,900 $ 161/sqft |
| 53206 | $ 50,760 $ 32/sqft | 53225 | $ 277,385 $ 158/sqft |
| 53223 | $ 142,151 $ 97/sqft | 53208 | $ 267,200 $ 132/sqft |
| 53217 | $ 499,900 $ 243/sqft | 53227 | $ 232,658 $ 173/sqft |
| 53212 | $ 301,710 $ 185/sqft | 53220 | $ 201,881 $ 170/sqft |
| 53214 | $ 229,937 $ 168/sqft | 53213 | $ 339,843 $ 199/sqft |
| 53210 | $ 117,450 $ 95/sqft | 53204 | $ 154,900 $ 128/sqft |
| 53222 | $ 201,485 $ 156/sqft | 53226 | $ 266,502 $ 170/sqft |
| 53215 | $ 153,702 $ 93/sqft | 53233 | $ 425,000 $ 187/sqft |
| 53207 | $ 349,900 $ 202/sqft | 53205 | $ 181,950 $ 130/sqft |
| 53202 | $ 275,621 $ 272/sqft | 53295 | $ -- $ -- |
| 53211 | $ 726,075 $ 245/sqft | 53203 | $ -- $ -- |
| 53224 | $ 339,000 $ 134/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 $176,968.13. The median list price of a home is 165,000, and the total count of properties in the city is 137,633.
- 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 $218,750 in 53220 to the lowest value of $39,900 in 53216. Bank owned homes and properties account for 0.04% of properties in Milwaukee, WI. There are 29 zips within Milwaukee, WI; 53216 containing 8 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 0.07% 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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More Real Estate Resources for Milwaukee, WI
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.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Wisconsin Foreclosure Laws
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
