The Milwaukee housing market is somewhat competitive. Homes in Milwaukee receive 3 offers on average and sell in around 45 days. The median sale price of a home in Milwaukee was $199K last month, up 7.6% since last year. The median sale price per square foot in Milwaukee is $127, down 1.9% since last year.
What is the housing market like in Milwaukee today?
In October 2023, Milwaukee home prices were up 7.6% compared to last year, selling for a median price of $199K. On average, homes in Milwaukee sell after 45 days on the market compared to 48 days last year. There were 584 homes sold in October this year, up from 526 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$199,000
+7.6% YoY | Oct 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2023
Growth
% YoY
Milwaukee, WI
$199,000
+7.6%
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 53% 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Milwaukee housing market?
Milwaukee is somewhat competitive. Homes sell in 42 days.
0
100
63
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 42 days.
Hot homes
can sell for about 5% 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
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Richards Elementary School
Public • PreK-5
636
Students
6 reviews
10/10
Lincoln Elementary School
Public • PreK-5
301
Students
4 reviews
9/10
Stormonth Elementary School
Public • PreK-4
447
Students
3 reviews
9/10
Bayside Middle School
Public • 5-8
346
Students
5 reviews
9/10
Wauwatosa Montessori School
Public • PreK-8
183
Students
1 reviews
Only showing 5 of
100+ elementary schools.
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.
Risk Factor
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. 11,736 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.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milwaukee has a minor risk of wildfire. There are 4,482 properties in Milwaukee that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Milwaukee.