Milwaukee WI Real Estate - Milwaukee WI Homes For Sale | Zillow (2024)

FAQs

Is Milwaukee a buyers or sellers market? ›

Milwaukee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Milwaukee, WI housing market

In May 2024, the median listing home price in Milwaukee, WI was $199.9K, trending up 8.1% year-over-year. The median listing home price per square foot was $155. The median home sold price was $200K.

June, July, and August are the best months to sell your house in Wisconsin. The median sale price of houses in June 2023 was $307,200, which is expected to rise in 2024. However, cities like Marshfield and Onalaska follow an upward trend throughout the year.

According to a December 2022 county memo, there are around 70,000 families in Milwaukee County that earn $15 per hour or less. But only about 30,000 rental homes are available for $650 a month or less — a shortage of 40,000 units. Homelessness is also on the rise across the community, according to Collins-Dyke.

Pro: Affordable cost of living

Milwaukee offers a relatively affordable cost of living, with a median home sale price of $219,900. Compared to larger metros like Chicago, where the median home sale price is $370,000, Milwaukee stands out as a more budget-friendly place to live.

River Hills – Milwaukee's hidden gem and best value in luxury. River Hills is nestled between posh Milwaukee Country Club and highly regarded University School of Milwaukee. Parcels are typically five acres and provide sought-after privacy and security for Milwaukee's elite.

How much money do you need to live comfortably in Milwaukee? You need a household income of about $78,000 per year to live comfortably as a homeowner in Milwaukee and about $80,000 annually per household to live comfortably as renter, according to GoBankingRates.com.

The average effective property tax rate in Milwaukee County is 2.53%. That's more than double the national average, which is 0.99%. In the city of Milwaukee, the total property tax rate is 26.07 per $1,000 of assessed value.

How much does it cost to build a 2 000 sq ft house in Wisconsin? ›

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $425,000 on average to build a home in Wisconsin. This figure can add up to $575,000 if you include land costs, excavations, permits, and other expenses.

June is the most popular month to list a house for sale. Premiums (the amount above the asking price) are highest in May, but total selling prices are higher in June and July.

List your house on a Thursday to increase the chances of your home selling more quickly and for more money. Homes listed on a Thursday typically go pending faster than any other day of the week, all other things being equal. The difference is notable in a market where homes are typically selling in seven days.

MADISON (WKOW) -- New reports show home prices are the highest they've ever been in Wisconsin. The Wisconsin Realtors Association and Wisconsin Policy Forum say the average home price in Wisconsin is roughly $285,000, as of 2023. That's a 65% increase from 2020.

The Badger State is a current favorite of real estate investors due to many factors including a strong economy, affordable prices and stable rents! Easy Street Capital is proud to be a leading provider of investment property loans for real estate investors looking to build rental portfolios in Wisconsin!

Here in Milwaukee, demand has been high while the housing supply remains low. Add in high interest rates, and it's created a difficult environment for people looking to buy a home in our area.

There are also 1,400 acres of beaches and over 100 golf courses across the city. Additionally, it's a metropolitan area with multiple business establishments, many job opportunities, and a high quality of life. Such wonders make Milwaukee an attractive city for homebuyers and real estate investors.