Is Milwaukee County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Milwaukee County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $176K | -2.2% |
2 Bedrooms | $193.6K | $210K | +8.4% |
3 Bedrooms | $240.7K | $253.1K | +5.2% |
4 Bedrooms | $287.5K | $293.3K | +2.0% |
5+ Bedrooms | $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 | $400K | $427K | +6.8% |
Waukesha County | $403.7K | $430.2K | +6.6% |
Racine County | $244.9K | $260.9K | +6.5% |
Milwaukee County | $235.7K | $247.1K | +4.8% |
Housing Supply in Milwaukee County, WI
How many homes are available in Milwaukee County, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,869 | 2,168 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 68 | 85 | +25.0% |
2 Bedrooms | 398 | 503 | +26.4% |
3 Bedrooms | 885 | 1,004 | +13.4% |
4 Bedrooms | 400 | 449 | +12.3% |
5+ Bedrooms | 118 | 127 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
566 | 646 | +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
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