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 April 2023

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.

Housing Prices in Milwaukee County, WI

How much do homes in Milwaukee County, WI cost?

Median Sold Price

$247,165

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,414(+4.8%)

Key Takeaway

Homes in Milwaukee County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Milwaukee County was $247,165 in April 2024, up 4.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $180K$176K
-2.2%
2 $193.6K$210K
+8.4%
3 $240.7K$253.1K
+5.2%
4 $287.5K$293.3K
+2.0%
5+ $323.3K$331.6K
+2.6%

Summary: Milwaukee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Counties

Ozaukee County
+6.8%
Waukesha County
+6.6%
Racine County
+6.5%
Milwaukee County
+4.8%

Housing Supply in Milwaukee County, WI

How many homes are available in Milwaukee County, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,8692,168+16.0%

Summary: The Milwaukee County real estate market had 2,168 homes for sale in April 2024, a 16.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 6885
+25.0%
2 398503
+26.4%
3 8851,004
+13.4%
4 400449
+12.3%
5+ 118127
+7.6%

Summary: The Milwaukee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 7.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
566646+14.1%

Asking Price vs. Sold Price

173 Homes Were Sold
Under Asking

90 Homes Were Sold
At Asking

383 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. 59.3% of homes here sold above asking price last month.

Summary: A total of 646 homes were sold or pending in Milwaukee County in April 2024, up by 14.1% month-over-month. Of the 646 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.

Days on Market for Milwaukee County, WI

We’re sorry, we don't have information for this market at the moment

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 County, WI

Nearby Markets to Milwaukee County, WI

What housing markets are near Milwaukee County, WI?