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 Last Month

Since last month, 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

$202,450

$157/sqft

Based on all homes sold in September 2021.

Difference Since Last Month

+$14,200(+7.5%)

Key Takeaway

Homes in Milwaukee County have sold for 7.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Sep 2021%
1 $160K$188.5K
+17.8%
2 $198.2K$202.4K
+2.1%
3 $140K$257.5K
+83.9%
4 $203K-
N/A
5+ -$293.8K
N/A

Median Sold Price Compared To Nearby Counties

Ozaukee County
+19.2%
Racine County
+15.0%
Milwaukee County
+7.5%
Waukesha County
0%
Washington County
-6.9%

How many homes are available in Milwaukee County, WI?

Number of Homes For Sale

Aug 2021Sep 2021%
682793+16.3%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 112101
-9.8%
2 360365
+1.4%
3 162242
+49.4%
4 3968
+74.4%
5+ 917
+88.9%

Number of Homes Sold

Aug 2021Sep 2021%
186138-25.8%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

57 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. 41.3% of homes here sold above asking price last month.

About Milwaukee County, WI

Milwaukee County, WI has 793 homes on the market. Between August 2021 and September 2021, Milwaukee County, WI real estate market has seen increase in the number of listings by 16.3%. Listing prices have changed in this real estate market between September 2020 and September 2021: the cost of 1 bedroom properties went up by 17.8%, prices of 2 bedrooms properties increased by 2.1%, the cost of 3 bedrooms properties went up by 83.9%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 9.8%, number of 2 bedrooms homes increased by 1.4%, the quantity of 3 bedrooms homes went up by 49.4%, 4 bedrooms homes inventory increased by 74.4%, volume of 5 bedrooms homes went up by 88.9%. In September 2021, from all listings sold in Milwaukee County, WI there were more than 57 sold above asking price, over 53 sold below and more than 28 were sold right at the asked price.

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