$1,674 Closing Credit*
$141,000
460 SqFt
Studio
•1 Full Bath
#1899714, Christ Mesoloras, Listing Office: Golden Oaks Realty LLC
Is Milwaukee County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Milwaukee County has remained a Seller's Market.
Key Takeaway
Milwaukee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milwaukee County, WI
How much do homes in Milwaukee County, WI cost?
Median Sold Price
$259,982
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,017(+7.9%)
Key Takeaway
Homes in Milwaukee County have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Milwaukee County was $259,982 in October 2024, up 7.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.3K | $183.5K | +4.1% |
| 2 Bedrooms | $199.7K | $220K | +10.1% |
| 3 Bedrooms | $249.9K | $265.8K | +6.3% |
| 4 Bedrooms | $290.1K | $309.9K | +6.8% |
| 5+ Bedrooms | $315K | $412.5K | +31.0% |
Summary: Milwaukee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Counties
| Racine County | $249.9K | $285.1K | +14.1% |
| Ozaukee County | $414.8K | $449.9K | +8.5% |
| Milwaukee County | $240.9K | $259.9K | +7.9% |
| Waukesha County | $421K | $448.7K | +6.6% |
Housing Supply in Milwaukee County, WI
How many homes are available in Milwaukee County, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,157 | 2,406 | +11.5% |
Summary: The Milwaukee County real estate market had 2,406 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 73 | 85 | +16.4% |
| 2 Bedrooms | 483 | 518 | +7.2% |
| 3 Bedrooms | 1,051 | 1,190 | +13.2% |
| 4 Bedrooms | 466 | 511 | +9.7% |
| 5+ Bedrooms | 84 | 102 | +21.4% |
Summary: The Milwaukee County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 651 | 585 | -10.1% |
Asking Price vs. Sold Price
211 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
282 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milwaukee County, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.
Summary: A total of 585 homes were sold or pending in Milwaukee County in October 2024, down by 10.1% month-over-month. Of the 585 sold homes, 36% were sold under asking, 16% were sold at asking, and 48% were sold over asking.
Days on Market for Milwaukee County, WI
We’re sorry, we don't have information for this market at the moment
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