Is South Milwaukee, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Milwaukee has remained a Seller's Market.
Housing Prices in South Milwaukee, WI
How much do homes in South Milwaukee, WI cost?
Median Sold Price
$260,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Milwaukee was $260,000 in April 2024, up 6.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $111K | N/A |
2 Bedrooms | $180K | $195K | +8.3% |
3 Bedrooms | $246.2K | $267K | +8.4% |
4 Bedrooms | $270K | $275.7K | +2.1% |
5+ Bedrooms | $285K | $325K | +14.0% |
Summary: South Milwaukee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $244.9K | $260K | +6.1% |
Cudahy | $235K | $245K | +4.3% |
Housing Supply in South Milwaukee, WI
How many homes are available in South Milwaukee, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 35 | 0.0% |
Summary: The South Milwaukee real estate market had 35 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 22 | 18 | -18.2% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Milwaukee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in South Milwaukee in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for South Milwaukee, WI
We’re sorry, we don't have information for this market at the moment