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FRANKLIN, WI 53132

Real Estate Market Report  ·  Milwaukee County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The FRANKLIN, WI real estate market (53132) currently shows 84 active listings, with 9 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 34 days on market compared to 23 days last year.

The median listing price has risen 9.8% year-over-year, from $452,564 to $497,000.

Whether you are buying or selling in FRANKLIN, WI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,094  ·  Density: 401.5/mi²  ·  Median household income: $103,225

Typical home value: $332,038  ·  Homeownership: 78.4%

Market Overview

Active Listings
84
⇩ 8.7% vs 92 last year
Pending
9
11% pending ratio
Median Price
$497,000
⇧ 9.8% vs $452,564 last year
Average Price
$555,496
⇧ 8.7% vs $510,874 last year
Days on Market
34
⇧ 47.8% vs 23 days last year

Price Per Square Foot

Median $/sqft
$230
⇧ 5% vs $219/sqft last year
Median Home Size
1,849 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 92 last year
  • Days on market: 34 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $497,000 (+9.8% YoY)
  • Average: $555,496 (+8.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.3 miles — 411 listings ($158,191,931 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53132Franklin, WI 531320.0 mi60$30,496,440$476,200$508,274
53130Hales Corners, WI 531304.3 mi8$3,634,552$459,450$454,319
53220Milwaukee, WI 532205.6 mi25$6,698,225$263,750$267,929
53221Milwaukee, WI 532215.8 mi37$10,667,063$297,225$288,299
53150Muskego, WI 531506.0 mi27$15,377,742$562,450$569,546
53151New Berlin, WI 531517.6 mi29$12,861,819$414,900$443,511
53172South Milwaukee, WI 531727.7 mi11$3,210,713$274,450$291,883
53207Milwaukee, WI 532078.1 mi45$15,499,800$314,925$344,440
53110Cudahy, WI 531108.5 mi25$7,513,875$299,900$300,555
53214Milwaukee, WI 532149.3 mi39$9,937,239$266,200$254,801
53204Milwaukee, WI 5320410.1 mi27$7,082,937$236,325$262,331
53185Waterford, WI 5318511.2 mi46$27,363,238$499,900$594,853
53208Milwaukee, WI 5320811.3 mi32$7,848,288$249,000$245,259

Frequently Asked Questions

How many homes are for sale in FRANKLIN, WI 53132?

As of July 2026, there are 84 active listings in FRANKLIN, WI (zip code 53132), compared to 92 the prior year.

What is the median home price in FRANKLIN, WI 53132?

The median listing price in FRANKLIN, WI 53132 is $497,000 as of July 2026, a 9.8% increase from $452,564 the prior year.

How long do homes stay on the market in FRANKLIN, WI?

Homes in FRANKLIN, WI 53132 spend an average of 34 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in FRANKLIN, WI 53132?

Based on current inventory and days-on-market data as of July 2026, FRANKLIN, WI 53132 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 34 days on market compared to 23 days last year.

How much can I save on real estate commission in FRANKLIN, WI?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN, WI 53132 save an estimated $9,940 compared to a typical 5% commission on the median listing price of $497,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.