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Featured local agent — South Milwaukee, WI
Sarah Mitchell
Compass Real Estate · South Milwaukee, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Milwaukee, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the South Milwaukee, WI housing market right now?
The median home sale price in South Milwaukee, WI is $295,000, down 12.6% year-over-year. Homes sell in an average of 40 days with 26 active listings. The market is currently a strong 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 South Milwaukee a buyer's or seller's market?
South Milwaukee, WI is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
40
Average pace
Active listings
26
1.6 months supply
Sale-to-list
102.8%
Above asking
What does the South Milwaukee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $299,900 |
| Year-over-year price change | -12.6% |
| Average days on market | 40 days |
| Active inventory | 26 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 102.8% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 21 |
| Listings with a price cut | 3.9% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in South Milwaukee by property type?
How the South 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 | $300,000 | $241/sq ft | 13 | 35 days |
| Condo / Co-op | $172,500 | $117/sq ft | 1 | 61 days |
Source: Redfin · Updated monthly
The South Milwaukee housing market is currently classified as a strong seller's market with a median sale price of $295,000. Prices have fallen 12.6% compared to last year, with homes spending an average of 40 days on market, indicating 1.6 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 South Milwaukee
There are currently 26 homes listed for sale in South Milwaukee, Wisconsin. The median listing price is $300K.
Active listings
26
Homes on market
Median list price
$300K
Avg. days on market
40
Days until sale
New this week
21
Newly listed
Who lives in South Milwaukee?
Population
20,547
Median income
$70,146/yr
Median age
40.9 years
Owner-occupied
66.8%
College grads
27.7%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in South Milwaukee?
Zillow home value
$313,885
Zillow rent index
$1,250/mo
Price-to-rent ratio
20.9x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in South Milwaukee?
South Milwaukee is a community of approximately 21K residents with a median age of 40.9 years.The median household income is $70,146, which represents a working-class community with solid middle-income opportunities. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, South Milwaukee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve South Milwaukee?
6 schools tracked · 2,783 students
The largest public schools serving South 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.
South Milwaukee High
Grades 9-12 · 979 students
South Milwaukee Middle
Grades 6-8 · 605 students
Rawson Elementary
Grades PK-5 · 379 students
Blakewood Elementary
Grades PK-5 · 326 students
Lakeview Elementary
Grades PK-5 · 284 students
E W Luther Elementary
Grades PK-5 · 210 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 South Milwaukee, WI?
Want a head-to-head view? Compare South Milwaukee side-by-side with any other U.S. city using our market-comparison tool.
Is South Milwaukee a good real estate investment market?
For investors evaluating South Milwaukee, the price-to-rent ratio of 20.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 12.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on South Milwaukee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using South Milwaukee's median home price.
Frequently asked questions
What is the average home price in South Milwaukee?
The median home sale price in South Milwaukee is $295,000, down 12.6% from last year.
How long do homes stay on market in South Milwaukee?
Homes typically spend 40 days on market before going under contract.
What is the median income in South Milwaukee?
The median household income is $70,146 per year.
Is South Milwaukee a buyer's or seller's market?
With 1.6 months of supply, South Milwaukee is currently a strong seller's market.
What is the Zillow home value estimate for South Milwaukee?
The Zillow Home Value Index (ZHVI) for South Milwaukee is $313,885, representing the typical home value in the area.
What is the median condo price in South Milwaukee?
The median condo/co-op sale price in South Milwaukee, WI is $172,500, compared to $300,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in South Milwaukee?
The median single-family home price in South Milwaukee, WI is $300,000 (about $241 per square foot).
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