Is Milwaukee County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milwaukee County has remained a Seller's Market.
Housing Prices in Milwaukee County, WI
How much do homes in Milwaukee County, WI cost?
Median Sold Price
$249,986
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milwaukee County was $249,986 in May 2024, up 5.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $177K | -1.7% |
2 Bedrooms | $195K | $210.1K | +7.8% |
3 Bedrooms | $242.5K | $255.5K | +5.4% |
4 Bedrooms | $286.5K | $294.1K | +2.6% |
5+ Bedrooms | $315K | $369.8K | +17.4% |
Summary: Milwaukee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Counties
Ozaukee County | $400K | $439.8K | +10.0% |
Racine County | $242.9K | $266.4K | +9.7% |
Waukesha County | $405K | $435.1K | +7.4% |
Milwaukee County | $237K | $249.9K | +5.4% |
Housing Supply in Milwaukee County, WI
How many homes are available in Milwaukee County, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,134 | 2,331 | +9.2% |
Summary: The Milwaukee County real estate market had 2,331 homes for sale in May 2024, a 9.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 85 | 88 | +3.5% |
2 Bedrooms | 502 | 518 | +3.2% |
3 Bedrooms | 998 | 1,078 | +8.0% |
4 Bedrooms | 427 | 504 | +18.0% |
5+ Bedrooms | 122 | 143 | +17.2% |
Summary: The Milwaukee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
715 | 718 | 0.4% |
Asking Price vs. Sold Price
170 Homes Were Sold
Under Asking
102 Homes Were Sold
At Asking
446 Homes Were Sold
Over Asking
Summary: A total of 718 homes were sold or pending in Milwaukee County in May 2024, up by 0.4% month-over-month. Of the 718 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for Milwaukee County, WI
How long does it take to sell a home in Milwaukee County, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 718 homes were sold in Milwaukee County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.