Is Waukesha, WI 53188 a buyer’s or seller’s market?

The Waukesha housing market right now

In the three months ending August 31, 2026, 58% of homes in Waukesha, WI 53188 sold above their list price, the typical home went under contract in 35 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 163 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 54%, homes sold faster (37 days then) and the median sale price rose 7% to $459,801. Overall, Waukesha is more competitive than a year ago, so tougher for buyers.

Within Waukesha County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Waukesha ranks #30 of 319 WI ZIP codes with enough sales (score 85 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.