Is Milwaukee, WI 53233 a buyer’s or seller’s market?
Milwaukee is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Milwaukee housing market right now
In the three months ending August 31, 2026, 100% of homes in Milwaukee, WI 53233 sold above their list price, the typical home went under contract in 30 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (23 days then) and the median sale price fell 3% to $254,890. Overall, Milwaukee is more competitive than a year ago, so tougher for buyers.
Within Milwaukee County, homes here sell faster than in 97% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Milwaukee 53205 (0% sold over asking) or Milwaukee 53203 (0% sold over asking).
Run the numbers for 53233
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 buyer’s market: there were 16 months of supply in Milwaukee, WI 53233 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 30 days in the latest three months.
Do homes in Milwaukee sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 102.4% 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 $254,890 in the three months ending August 31, 2026, about $146 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