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Clarke Square Clock Tower Acres Harbor View Historic Mitchell Street Lincoln Village Menomonee River Valley Mitchell Park Muskego Way Near South Side Walker's Point

MILWAUKEE, WI 53204

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

Neighborhoods in ZIP 53204

Clarke Square · Clock Tower Acres · Harbor View · Historic Mitchell Street · Lincoln Village · Menomonee River Valley · Mitchell Park · Muskego Way · Near South Side · Walker's Point

Market Analysis

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

The MILWAUKEE, WI real estate market (53204) currently shows 20 active listings, with 3 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 41 days on market compared to 27 days last year.

The median listing price has fallen 10.1% year-over-year, from $234,723 to $210,975.

Whether you are buying or selling in 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: 39,203  ·  Density: 4,692.8/mi²  ·  Median household income: $41,623

Typical home value: $96,667  ·  Homeownership: 26.1%

Market Overview

Active Listings
20
⇩ 33.3% vs 30 last year
Pending
3
15% pending ratio
Median Price
$210,975
⇩ 10.1% vs $234,723 last year
Average Price
$282,374
⇩ 23.7% vs $370,132 last year
Days on Market
41
⇧ 51.9% vs 27 days last year

Price Per Square Foot

Median $/sqft
$141
⇩ 27.3% vs $194/sqft last year
Median Home Size
1,223 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 30 last year
  • Days on market: 41 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $210,975 (-10.1% YoY)
  • Average: $282,374 (-23.7% 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 7.5 miles — 507 listings ($139,433,335 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53204Milwaukee, WI 532040.0 mi27$7,082,937$236,325$262,331
53215Milwaukee, WI 532151.7 mi25$5,629,625$231,150$225,185
53205Milwaukee, WI 532052.5 mi10$1,881,380$173,675$188,138
53207Milwaukee, WI 532073.4 mi45$15,499,800$314,925$344,440
53206Milwaukee, WI 532064.0 mi63$6,775,083$99,095$107,541
53235Saint Francis, WI 532354.2 mi76$33,110,464$415,000$435,664
53213Milwaukee, WI 532134.4 mi28$13,385,792$467,400$478,064
53214Milwaukee, WI 532144.6 mi39$9,937,239$266,200$254,801
53220Milwaukee, WI 532204.9 mi25$6,698,225$263,750$267,929
53110Cudahy, WI 531105.8 mi25$7,513,875$299,900$300,555
53226Milwaukee, WI 532266.3 mi19$8,710,550$432,225$458,450
53228Milwaukee, WI 532286.9 mi13$4,077,645$317,350$313,665
53218Milwaukee, WI 532187.5 mi112$19,130,720$165,000$170,810

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53204?

As of April 2026, there are 20 active listings in MILWAUKEE, WI (zip code 53204), compared to 30 the prior year.

What is the median home price in MILWAUKEE, WI 53204?

The median listing price in MILWAUKEE, WI 53204 is $210,975 as of April 2026, a 10.1% decrease from $234,723 the prior year.

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

Homes in MILWAUKEE, WI 53204 spend an average of 41 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53204?

Based on current inventory and days-on-market data as of April 2026, MILWAUKEE, WI 53204 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 41 days on market compared to 27 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILWAUKEE, WI 53204 save an estimated $4,220 compared to a typical 5% commission on the median listing price of $210,975. 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.