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Featured local agent — Milwaukee, WI
Sarah Mitchell
Compass Real Estate · Milwaukee, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Milwaukee, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the Milwaukee, WI housing market right now?
The median home sale price in Milwaukee, WI is $250,000, up 5.7% year-over-year. Homes sell in an average of 39 days with 1,349 active listings. The market is currently a seller's 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 Milwaukee a buyer's or seller's market?
Milwaukee, WI is currently a seller's market, based on 2.4 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
573
Last 12 weeks
Days on market
39
Average pace
Active listings
1,349
2.4 months supply
Sale-to-list
100.4%
Above asking
What does the Milwaukee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $249,900 |
| Year-over-year price change | +5.7% |
| Average days on market | 39 days |
| Active inventory | 1,349 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $173/sq ft |
| Homes sold (latest month) | 573 |
| New listings (latest month) | 668 |
| Listings with a price cut | 20.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Milwaukee by property type?
How the Milwaukee, 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 | $255,000 | $190/sq ft | 353 | 36 days |
| Condo / Co-op | $230,000 | $228/sq ft | 96 | 56 days |
Source: Redfin · Updated monthly
The Milwaukee housing market is currently classified as a seller's market with a median sale price of $250,000. Prices have risen 5.7% compared to last year, with homes spending an average of 39 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Milwaukee
There are currently 1,349 homes listed for sale in Milwaukee, Wisconsin. The median listing price is $250K.
Active listings
1,349
Homes on market
Median list price
$250K
Avg. days on market
39
Days until sale
New this week
668
Newly listed
Who lives in Milwaukee?
Population
569,756
Median income
$51,888/yr
Median age
32.2 years
Owner-occupied
41.5%
College grads
26.6%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Milwaukee?
Zillow home value
$231,389
Zillow rent index
$1,469/mo
Price-to-rent ratio
13.1x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Milwaukee?
Milwaukee is a community of approximately 570K residents with a median age of 32.2 years.The median household income is $51,888, which represents a working-class community with solid middle-income opportunities. 26.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.5%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Milwaukee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Milwaukee?
50 schools tracked · 40,057 students
The largest public schools serving Milwaukee, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HAPA-Hmong American Peace Academy K3-12
Grades PK-12 · 1,894 students
Hamilton High
Grades 9-12 · 1,485 students
Bruce Guadalupe
Grades PK-8 · 1,410 students
Milwaukee Academy of Science
Grades PK-12 · 1,404 students
Reagan College Preparatory High
Grades 9-12 · 1,349 students
King International
Grades 9-12 · 1,339 students
Obama School of Career and Technical Education
Grades PK-12 · 1,226 students
Golda Meir School
Grades 3-12 · 1,211 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Milwaukee, WI?
Want a head-to-head view? Compare Milwaukee side-by-side with any other U.S. city using our market-comparison tool.
Is Milwaukee a good real estate investment market?
For investors evaluating Milwaukee, the price-to-rent ratio of 13.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 5.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Milwaukee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Milwaukee's median home price.
Frequently asked questions
What is the average home price in Milwaukee?
The median home sale price in Milwaukee is $250,000, up 5.7% from last year.
How long do homes stay on market in Milwaukee?
Homes typically spend 39 days on market before going under contract.
What is the median income in Milwaukee?
The median household income is $51,888 per year.
Is Milwaukee a buyer's or seller's market?
With 2.4 months of supply, Milwaukee is currently a seller's market.
What is the Zillow home value estimate for Milwaukee?
The Zillow Home Value Index (ZHVI) for Milwaukee is $231,389, representing the typical home value in the area.
What is the median condo price in Milwaukee?
The median condo/co-op sale price in Milwaukee, WI is $230,000, compared to $255,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Milwaukee?
The median single-family home price in Milwaukee, WI is $255,000 (about $190 per square foot).
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