New Listing
20
$150,000
405 Cheviot Chase Unit 3
Waukesha, WI 53186
1 bd1 ba848 sqft$177/ft²
Condo
Scott Teschendorf · RE/MAX Service First Lake Country
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Waukesha, WI Housing Market
Strong seller's market+4.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Waukesha, WI is worth $423,254, rose 4.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $400,000, +12.2% year over year (through May 2026). With 1.7 months of supply and homes going under contract in about 37 days, Waukesha is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $423,254 home is about $2,260/mo in principal and interest.
Key numbers for Waukesha, WI
Typical home value
$423,254
+4.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,481/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$400,000
+12.2% year over year
Redfin, through May 2026
Days on market
37
Average pace
Redfin, through May 2026
Active listings
147
1.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$126,286
Home costs 3.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
104.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Waukesha a buyer's or seller's market?
Strong seller's market1.7 months of supply37 days on market104.1% of asking
Waukesha, WI is a strong seller's market, based on 1.7 months of supply and homes selling in about 37 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Waukesha housing market data show?
Every row below is Redfin's final published month for Waukesha, WI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $389,900 |
| Year-over-year price change | +12.2% |
| Median price per sq ft | $227/sq ft |
| Median days on market | 37 days |
| Active inventory | 147 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 104.1% |
| Homes sold (that month) | 85 |
| New listings (that month) | 99 |
| Listings with a price cut | 8.8% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Waukesha is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Waukesha is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Waukesha home prices moved?
Over the last three years the median sale price in Waukesha, WI rose 14.4%, from $349,500 to $400,000. The live Zillow value series has rose 4.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 8.8% of Waukesha listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.7 months while the sale-to-list ratio slips below its current 104.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Waukesha?
Priced off the typical home value of $423,254 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $84,651 | $338,603 | $2,260/mo |
| 5% | $21,163 | $402,091 | $2,683/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,260, that implies roughly $96,838 a year before you add taxes and insurance. The median household in Waukesha earns $126,286, about $29,448 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Waukesha in the next 12 months?
Tell us your timeline. We send the Waukesha market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Waukesha?
Typical asking rent in Waukesha, WI is $1,481/mo, against a typical home value of $423,254. That is a price-to-rent ratio of 23.8x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,260 a month — $778 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Waukesha?
Active listings in Waukesha, WI went from 164 in May 2025 to 147 in May 2026, a -10.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 152 | 85 |
| July 2025 | 161 | 104 |
| August 2025 | 159 | 83 |
| September 2025 | 157 | 83 |
| October 2025 | 158 | 77 |
| November 2025 | 142 | 59 |
| December 2025 | 111 | 37 |
| January 2026 | 115 | 54 |
| February 2026 | 124 | 61 |
| March 2026 | 129 | 81 |
| April 2026 | 141 | 90 |
| May 2026 | 147 | 99 |
Redfin, through May 2026
How does Waukesha compare to Wisconsin and the U.S.?
Waukesha homes sell for $400,000 — 11% above the Wisconsin median of $361,600. Against the national median of $410,700, Waukesha runs 3% lower. Year-over-year, Waukesha moved +12.2% against Wisconsin's +6.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Waukesha, WI | $400,000 | +12.2% | 37 days |
| Wisconsin statewide | $361,600 | +6.5% | 44 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Waukesha
What buyers should watch
- Months of supply, currently 1.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 8.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $424 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $423,254 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Waukesha listing goes under contract in 37 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 104.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Waukesha added 99 new listings against 85 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Waukesha varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Waukesha
There are currently 147 homes listed for sale in Waukesha, Wisconsin. The median listing price is $390K. Featured listings range from $150,000 to $899,900.
New Listing
31
$289,900
120 4th St
Waukesha, WI 53188
3 bd2 ba1,184 sqft$245/ft²
House5,663 sqft lot
Jackson Villarreal · Villa Realty
View photos & details
New Listing
36
$300,000
241 S Charles St
Waukesha, WI 53186
3 bd1 ba1,677 sqft$179/ft²
House6,098 sqft lot
One Roof Real Estate Group* · Realty Executives Integrity~Brookfield
View photos & details
New Listing
43
$305,000
2424 Fox River Pkwy Unit F
Waukesha, WI 53189
3 bd3 ba1,655 sqft$184/ft²
Condo
Patricia Sykes · Century 21 Affiliated - Delafield
View photos & details
New Listing
33
$325,000
1023 W Glenn Dr
Waukesha, WI 53188
3 bd1 ba1,125 sqft$289/ft²
House13,068 sqft lot
Benson Group* · RE/MAX Lakeside-Central
View photos & details
New Listing
25
$359,900
1308 W End Rd
Waukesha, WI 53188
4 bd2 ba1,372 sqft$262/ft²
House9,148 sqft lot
Jacquelin Leverance · The Real Estate Studio
View photos & details
New Listing
55
$467,500
4394 S Pin Oak Ln W Unit 254
Waukesha, WI 53189
3 bd2 ba1,690 sqft$277/ft²
House1.05 acres
Scott Allen · EXP Realty, LLC~MKE
View photos & details
New Listing
36
$480,000
3745 Stillwater Cir
Waukesha, WI 53189
3 bd2 ba1,790 sqft$268/ft²
House8,276 sqft lot
The Baer Team* · First Weber Inc - Brookfield
View photos & details
New Listing
34
$494,900
1907 Fieldcrest Ln
Waukesha, WI 53186
4 bd3 ba2,320 sqft$213/ft²
House10,454 sqft lot
Zachary Hicks · EXP Realty, LLC~MKE
View photos & details
New Build
5
$514,900
3001 Cranberry Cir
Waukesha, WI 53189
3 bd2 ba1,511 sqft$341/ft²
House7,841 sqft lot
Jeffrey Wheatley-Heckman · Shorewest Realtors, Inc.
View photos & details
New Build
5
$699,900
652 Standing Stone Dr
Waukesha, WI 53189
3 bd2 ba1,774 sqft$395/ft²
House18,731 sqft lot
Rachael Bublitz · Shorewest Realtors, Inc.
View photos & details
New Listing
45
$899,900
W275N358 Arrowhead Trl
Waukesha, WI 53188
4 bd4 ba3,801 sqft$237/ft²
House34,848 sqft lot
The Italiano Team* · Lake Country Flat Fee
View photos & details
Looking to buy in Waukesha?
Get connected with a local real estate expert — free, no obligation.
Active listings
147
Homes on market
Median list price
$390K
Avg. days on market
37
Days until sale
New this week
99
Newly listed
Price drops:8.8%of listings
Sale-to-list:104.1%
How much do homes cost in Waukesha by property type?
How the Waukesha, WI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $425,000 | $237/sq ft | 64 | 37 days |
| Condo / co-op | $297,500 | $210/sq ft | 20 | 38 days |
Who lives in Waukesha?
American Community Survey estimates for Waukesha. U.S. Census ACS, 2023
Population
8,479
Households
3,263
Median income
$126,286/yr
Median age
48.8 years
Owner-occupied
92.8%
Median home value
$375,700
Median gross rent
$1,167/mo
Mean commute
25.3 min
92.8% of occupied homes in Waukesha are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $375,700 against Zillow's $423,254 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,167/mo, below Zillow's $1,481/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Waukesha?
28 schools tracked · 11,583 students
The largest public schools serving Waukesha, 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.
West High
Grades 9-12 · 1,192 students
North High
Grades 9-12 · 960 students
South High
Grades 9-12 · 879 students
Butler Middle
Grades 6-8 · 803 students
eAchieve Academy - Wisconsin
Grades 6-12 · 658 students
Waukesha STEM Academy
Grades PK-8 · 599 students
Les Paul Middle
Grades 6-8 · 594 students
Horning Middle
Grades 6-8 · 560 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 Waukesha, WI?
Ordered by distance from Waukesha, not by size. Compare Waukesha side by side with any of them.
Which ZIP codes are in Waukesha?
These are the ZIP codes we see on active Waukesha listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Waukesha housing market FAQ
Is Waukesha a buyer's or seller's market?
Waukesha, WI is currently a strong seller's market. That read comes from 1.7 months of supply, homes going under contract in about 37 days, and sellers getting 104.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Waukesha?
The typical home in Waukesha, WI is worth $423,254 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $400,000, about $227 per square foot.
Is Waukesha cheaper than the rest of Wisconsin?
Waukesha's median sale price of $400,000 is 11% higher than the Wisconsin statewide median of $361,600, and 3% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Waukesha?
Homes in Waukesha, WI spent a median of 37 days on market before going under contract, versus 44 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Waukesha?
At the current 30-year fixed rate of 7.03%, 20% down on a $423,254 home is about $2,260 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $96,838 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $126,286.
Are home prices rising in Waukesha?
The typical home value in Waukesha, WI rose 4.8% over the last 12 months, from $404,041 to $423,254 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Waukesha?
Waukesha ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Waukesha?
That depends on your timeline, not on a headline. What the data says today: Waukesha, WI is a strong seller's market with 1.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 23.8x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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