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SOUTH MILWAUKEE, WI 53172

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

Market Analysis

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

The SOUTH MILWAUKEE, WI real estate market (53172) currently shows 19 active listings, with 4 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 20 days on market compared to 22 days last year.

The median listing price has risen 14.3% year-over-year, from $279,950 to $319,950.

Whether you are buying or selling in SOUTH MILWAUKEE, 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: 20,678  ·  Density: 1,653.5/mi²  ·  Median household income: $68,801

Typical home value: $201,059  ·  Homeownership: 65.1%

Market Overview

Active Listings
19
⇧ 46.2% vs 13 last year
Pending
4
21% pending ratio
Median Price
$319,950
⇧ 14.3% vs $279,950 last year
Average Price
$316,527
⇧ 8.2% vs $292,500 last year
Days on Market
20
⇩ 9.1% vs 22 days last year

Price Per Square Foot

Median $/sqft
$191
⇧ 4.4% vs $183/sqft last year
Median Home Size
1,631 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 13 last year
  • Days on market: 20 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $319,950 (+14.3% YoY)
  • Average: $316,527 (+8.2% 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 11.5 miles — 343 listings ($133,146,781 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53172South Milwaukee, WI 531720.0 mi11$3,210,713$274,450$291,883
53154Oak Creek, WI 531542.9 mi39$17,424,420$444,900$446,780
53207Milwaukee, WI 532074.6 mi45$15,499,800$314,925$344,440
53129Greendale, WI 531297.2 mi8$2,725,464$297,500$340,683
53220Milwaukee, WI 532207.5 mi25$6,698,225$263,750$267,929
53132Franklin, WI 531327.7 mi60$30,496,440$476,200$508,274
53402Racine, WI 534028.1 mi49$19,969,362$324,450$407,538
53203Milwaukee, WI 532039.1 mi8$4,787,088$369,900$598,386
53130Hales Corners, WI 531309.6 mi8$3,634,552$459,450$454,319
53205Milwaukee, WI 5320510.4 mi10$1,881,380$173,675$188,138
53227Milwaukee, WI 5322710.8 mi19$5,804,785$305,400$305,515
53126Franksville, WI 5312610.9 mi8$6,088,056$529,282$761,007
53212Milwaukee, WI 5321211.5 mi53$14,926,496$241,850$281,632

Frequently Asked Questions

How many homes are for sale in SOUTH MILWAUKEE, WI 53172?

As of March 2026, there are 19 active listings in SOUTH MILWAUKEE, WI (zip code 53172), compared to 13 the prior year.

What is the median home price in SOUTH MILWAUKEE, WI 53172?

The median listing price in SOUTH MILWAUKEE, WI 53172 is $319,950 as of March 2026, a 14.3% increase from $279,950 the prior year.

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

Homes in SOUTH MILWAUKEE, WI 53172 spend an average of 20 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in SOUTH MILWAUKEE, WI 53172?

Based on current inventory and days-on-market data as of March 2026, SOUTH MILWAUKEE, WI 53172 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 20 days on market compared to 22 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SOUTH MILWAUKEE, WI 53172 save an estimated $6,399 compared to a typical 5% commission on the median listing price of $319,950. 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.