Is Waukesha, WI 53189 a buyer’s or seller’s market?

The Waukesha housing market right now

In the three months ending August 31, 2026, 51% of homes in Waukesha, WI 53189 sold above their list price, the typical home went under contract in 41 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 84 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 59%, homes sold more slowly (36 days then) and the median sale price rose 11% to $541,566. Overall, Waukesha is less competitive than a year ago, which gives buyers more room.

Within Waukesha County, homes here sell faster than in 58% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Waukesha ranks #76 of 319 WI ZIP codes with enough sales (score 77 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.