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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milwaukee County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Milwaukee County, WI cost?

Median Sold Price

$229,852

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,757(+13.7%)

Key Takeaway

Homes in Milwaukee County have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $154.9K$172K
+11.0%
2 $184.9K$189.9K
+2.7%
3 $212.8K$235.2K
+10.6%
4 $241.4K$264.8K
+9.7%
5+ $315K$354.2K
+12.5%

Median Sold Price Compared To Nearby Counties

Washington County
+31.3%
Waukesha County
+24.0%
Ozaukee County
+19.5%
Milwaukee County
+13.7%
Racine County
+12.2%

How many homes are available in Milwaukee County, WI?

Number of Homes For Sale

Sep 2022Oct 2022%
2,4802,402-3.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 8387
+4.8%
2 511471
-7.8%
3 1,2391,208
-2.5%
4 498497
-0.2%
5+ 149139
-6.7%

Number of Homes Sold

Sep 2022Oct 2022%
836624-25.4%

Asking Price vs. Sold Price

235 Homes Were Sold
Under Asking

97 Homes Were Sold
At Asking

292 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milwaukee County, you could pay more than the asking price. 46.8% 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 County, WI

Number of homes for sale in Milwaukee County, WI real estate market have reached 2,402. The number of listings in Milwaukee County, WI decreased by 3.1% between September 2022 and October 2022. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 11%, 2 bedrooms properties prices increased by 2.7%, prices of 3 bedrooms properties went up by 10.6%, 4 bedrooms properties became 9.7% more expensive, 5 bedrooms properties prices increased by 12.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 4.8% more available, 2 bedrooms homes inventory decreased by 7.8%, 3 bedrooms homes inventory decreased by 2.5%, 4 bedrooms homes became 0.2% less available, volume of 5 bedrooms homes went down by 6.7%. Over 292 listings were sold over their listed price in October 2022 in Milwaukee County, WI. In the same period over 235 listings were sold below the listed price and 97 listings were sold for the listed price.

Related Housing Market Reports