Is Mukwonago, WI 53149 a buyer’s or seller’s market?

The Mukwonago housing market right now

In the three months ending August 31, 2026, 39% of homes in Mukwonago, WI 53149 sold above their list price, the typical home went under contract in 48 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 102 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold about as fast and the median sale price fell 6% to $494,686. Overall, Mukwonago is less competitive than a year ago, which gives buyers more room.

Within Waukesha County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Mukwonago ranks #108 of 319 WI ZIP codes with enough sales (score 73 out of 100).

Nearby, buyers who want less competition could look at Okauchee 53069 (0% sold over asking) or Wales 53183 (14% sold over asking), while Waukesha 53186 (71% sold over asking) and Butler 53007 (70% sold over asking) are even more competitive.