Is Milwaukee, WI 53205 a buyer’s or seller’s market?
Milwaukee is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Milwaukee housing market right now
In the three months ending August 31, 2026, 0% of homes in Milwaukee, WI 53205 sold above their list price, the typical home went under contract in 73 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (43 days then) and the median sale price fell 5% to $139,839. Overall, Milwaukee is less competitive than a year ago, which gives buyers more room.
Within Milwaukee County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Milwaukee 53233 (100% sold over asking) and Milwaukee 53214 (71% sold over asking) are even more competitive.
Run the numbers for 53205
Nearby markets
Cudahy 53110Seller’s market $203 /sq ftFranklin 53132Seller’s market $223 /sq ftGreendale 53129Seller’s market $231 /sq ftHales Corners 53130Seller’s market $243 /sq ft Browse all markets →Towns like Milwaukee nearby
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Questions about Milwaukee real estate
Is Milwaukee a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Milwaukee, WI 53205 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Milwaukee?
The typical home went under contract in 73 days in the latest three months.
Do homes in Milwaukee sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Milwaukee?
About 1.93% of a home’s value a year in Milwaukee County, or roughly $7,720 on a $400,000 home.
What is the median home price in Milwaukee?
The median sale price was $139,839 in the three months ending August 31, 2026, about $96 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology