Is South Milwaukee, 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, South Milwaukee has remained a Seller's Market.
Housing Prices in South Milwaukee, WI
How much do homes in South Milwaukee, WI cost?
Median Sold Price
$260,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Milwaukee was $260,000 in March 2024, up 8.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $111K | N/A |
2 Bedrooms | $177.5K | $197.5K | +11.3% |
3 Bedrooms | $247.5K | $263K | +6.3% |
4 Bedrooms | $267K | $275.7K | +3.3% |
5+ Bedrooms | $325K | $325K | 0.0% |
Summary: South Milwaukee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $240K | $260K | +8.3% |
Cudahy | $240K | $241.7K | +0.7% |
Housing Supply in South Milwaukee, WI
How many homes are available in South Milwaukee, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Summary: The South Milwaukee real estate market had 35 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Milwaukee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in South Milwaukee in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for South Milwaukee, WI
We’re sorry, we don't have information for this market at the moment