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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Milwaukee is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in West Milwaukee, WI

How much do homes in West Milwaukee, WI cost?

Median Sold Price

$220,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+2.3%)

Key Takeaway

Homes in West Milwaukee have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in West Milwaukee was $220,000 in September 2024, up 2.3% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $170K$182.5K
+7.4%
3 $216.5K$217.5K
0.5%
4 $200K$239.9K
+20.0%
5+ $225K$295K
+31.1%

Summary: West Milwaukee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 31.1%.

Median Sold Price Compared To Nearby Cities

West Allis
+6.6%
Milwaukee
+6.5%
West Milwaukee
+2.3%

Housing Supply in West Milwaukee, WI

How many homes are available in West Milwaukee, WI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
87-12.5%

Summary: The West Milwaukee real estate market had 7 homes for sale in September 2024, a 12.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The West Milwaukee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Milwaukee, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Milwaukee in September 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for West Milwaukee, 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 Sep 1, 2024

Newest Listings in West Milwaukee, WI

Nearby Markets to West Milwaukee, WI

What housing markets are near West Milwaukee, WI?