Is Milwaukee County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Milwaukee County has remained a Seller's Market.
Housing Prices in Milwaukee County, WI
How much do homes in Milwaukee County, WI cost?
Median Sold Price
$245,303
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Milwaukee County was $245,303 in March 2024, up 4.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.8K | $175.3K | -1.4% |
2 Bedrooms | $195K | $203.3K | +4.3% |
3 Bedrooms | $240K | $250.6K | +4.4% |
4 Bedrooms | $285.2K | $290.2K | +1.8% |
5+ Bedrooms | $349.1K | $325K | -6.9% |
Summary: Milwaukee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Counties
Waukesha County | $401.1K | $430K | +7.2% |
Ozaukee County | $400.3K | $424.8K | +6.1% |
Racine County | $244.6K | $259.3K | +6.0% |
Milwaukee County | $235.5K | $245.3K | +4.2% |
Housing Supply in Milwaukee County, WI
How many homes are available in Milwaukee County, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,677 | 1,905 | +13.6% |
Summary: The Milwaukee County real estate market had 1,905 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 60 | 70 | +16.7% |
2 Bedrooms | 354 | 406 | +14.7% |
3 Bedrooms | 789 | 895 | +13.4% |
4 Bedrooms | 374 | 416 | +11.2% |
5+ Bedrooms | 100 | 118 | +18.0% |
Summary: The Milwaukee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
500 | 504 | +0.8% |
Asking Price vs. Sold Price
185 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
249 Homes Were Sold
Over Asking
Summary: A total of 504 homes were sold or pending in Milwaukee County in March 2024, up by 0.8% month-over-month. Of the 504 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% were sold over asking.
Days on Market for Milwaukee County, WI
How long does it take to sell a home in Milwaukee County, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 504 homes were sold in Milwaukee County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.