Is Milwaukee, WI 53224 a buyer’s or seller’s market?
Milwaukee is a seller’s market. With about 2.6 months of supply and 46% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 73% of U.S. ZIP codes, and #133 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Milwaukee housing market right now
In the three months ending August 31, 2026, 46% of homes in Milwaukee, WI 53224 sold above their list price, the typical home went under contract in 43 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 36%, homes sold more slowly (39 days then) and the median sale price rose 14% to $238,397. Overall, Milwaukee is more competitive than a year ago, so tougher for buyers.
Within Milwaukee County, homes here sell more slowly than in 74% of the county’s ZIP codes, and sell less often over asking than in 65%. On our competition score, Milwaukee ranks #133 of 319 WI ZIP codes with enough sales (score 69 out of 100).
Nearby, buyers who want less competition could look at Milwaukee 53205 (0% sold over asking) or Milwaukee 53203 (0% sold over asking), while Milwaukee 53233 (100% sold over asking) and Milwaukee 53214 (71% sold over asking) are even more competitive.
Run the numbers for 53224
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
Find towns like Milwaukee in other states →Where Milwaukee is
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Questions about Milwaukee real estate
Is Milwaukee a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Milwaukee, WI 53224 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 43 days in the latest three months.
Do homes in Milwaukee sell over asking?
46% of homes sold above their original list price, and the typical sale closed at 99.6% 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 $238,397 in the three months ending August 31, 2026, about $150 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