Is Milwaukee, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milwaukee is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Milwaukee has remained a Seller's Market.

Key Takeaway

Milwaukee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Milwaukee, WI cost?

Median Sold Price

$189,993

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$14,131(+8.0%)

Key Takeaway

Homes in Milwaukee have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $184.9K$203K
+9.8%
2 $184.4K$166.4K
-9.8%
3 $172K$193.3K
+12.4%
4 $179K$194.4K
+8.6%
5+ $177.5K$202K
+13.8%

Median Sold Price Compared To Nearby Cities

Shorewood
+52.9%
Wauwatosa
+26.9%
West Allis
+8.7%
Milwaukee
+8.0%
West Milwaukee
+2.8%

How many homes are available in Milwaukee, WI?

Number of Homes For Sale

Jul 2022Aug 2022%
1,6101,6170.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 8578
-8.2%
2 337351
+4.2%
3 799786
-1.6%
4 303308
+1.7%
5+ 8694
+9.3%

Number of Homes Sold

Jul 2022Aug 2022%
498437-12.2%

Asking Price vs. Sold Price

129 Homes Were Sold
Under Asking

70 Homes Were Sold
At Asking

238 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milwaukee, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Milwaukee, WI

Number of homes for sale in Milwaukee, WI real estate market have reached 1,617. In August 2022 in Milwaukee, WI there were 0.4% more homes for sale than in July 2022. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 9.8% more expensive, 2 bedrooms properties prices decreased by 9.8%, prices of 3 bedrooms properties increased by 12.4%, the cost of 4 bedrooms properties went up by 8.6%, 5 bedrooms properties became 13.8% more expensive. This housing market inventory have changed: volume of 1 bedroom homes went down by 8.2%, volume of 2 bedrooms homes went up by 4.2%, volume of 3 bedrooms homes went down by 1.6%, number of 4 bedrooms homes increased by 1.7%, 5 bedrooms homes inventory increased by 9.3%. In August 2022 more than 238 listings in Milwaukee, WI were sold above the asking price. During the same period more than 70 listings were sold at asking price, while more than 129 were sold below.

Related Housing Market Reports