The Milwaukee housing market is very competitive. Homes in Milwaukee receive 4 offers on average and sell in around 41 days. The median sale price of a home in Milwaukee was $225K last month, up 12.5% since last year. The median sale price per square foot in Milwaukee is $151, up 9.4% since last year.
What is the housing market like in Milwaukee today?
In August 2024, Milwaukee home prices were up 12.5% compared to last year, selling for a median price of $225K. On average, homes in Milwaukee sell after 41 days on the market compared to 38 days last year. There were 506 homes sold in August this year, down from 563 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$225,000
+12.5% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Milwaukee, WI
$225,000
+12.5%
United States
To compare other locations to the Milwaukee and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Milwaukee's median sale price is 47% lower than the national average. Overall cost of living in Milwaukee is 1% higher than the national average. Learn which home features in Milwaukee add value to a home.
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How hot is the Milwaukee housing market?
Milwaukee is very competitive. Homes sell in 39 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 39 days.
Hot homes
can sell for about 6% above list price and go pending in around 26 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Milwaukee
Explore recent offers and recently sold homes in Milwaukee
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Milwaukee housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Milwaukee.
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milwaukee has a major risk of flooding. 11,418 properties in Milwaukee are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Milwaukee. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milwaukee has a moderate risk of wildfire. There are 1,117 properties in Milwaukee that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Milwaukee.
7% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Milwaukee has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Milwaukee is most at risk from hurricanes. 10,721 properties in Milwaukee have some risk of being in a severe wind event within the next 30 years.