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

Housing Market Conditions



Gauge showing Milwaukee is a seller's market


Difference Since November 2022

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.

Housing Prices in Milwaukee, WI

How much do homes in Milwaukee, WI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Milwaukee have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Milwaukee was $230,014 in November 2023, up 2.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $173.5K$169.8K
2 $178.8K$185K
3 $229.4K$238K
4 $260K$262.7K
5+ $354.5K$285K

Summary: Milwaukee housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 19.6%.

Median Sold Price Compared To Nearby Cities

West Milwaukee
West Allis

Housing Supply in Milwaukee, WI

How many homes are available in Milwaukee, WI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Milwaukee real estate market had 1,970 homes for sale in November 2023, a 4.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 6968
2 429369
3 994935
4 446478
5+ 120120

Summary: The Milwaukee housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

202 Homes Were Sold
Under Asking

71 Homes Were Sold
At Asking

208 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. 43.2% of homes here sold above asking price last month.

Summary: A total of 481 homes were sold or pending in Milwaukee in November 2023, down by 24.0% month-over-month. Of the 481 sold homes, 42% were sold under asking, 15% were sold at asking, and 43% were sold over asking.

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

Report Updated 3 Days Ago

Newest Listings in Milwaukee, WI

Nearby Markets to Milwaukee, WI

What housing markets are near Milwaukee, WI?