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Borchert Field Far North Side Franklin Heights Near North Side North Division Park West

MILWAUKEE, WI 53206

Real Estate Market Report  ·  Milwaukee County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53206

Borchert Field · Far North Side · Franklin Heights · Near North Side · North Division · Park West

Market Analysis

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

The MILWAUKEE, WI real estate market (53206) currently shows 61 active listings, with 10 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 34 days last year.

The median listing price has fallen 7.6% year-over-year, from $88,000 to $81,350.

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: 20,481  ·  Density: 2,982.0/mi²  ·  Median household income: $27,461

Typical home value: $61,588  ·  Homeownership: 32.7%

Market Overview

Active Listings
61
⇩ 6.2% vs 65 last year
Pending
10
16% pending ratio
Median Price
$81,350
⇩ 7.6% vs $88,000 last year
Average Price
$94,631
⇩ 0.5% vs $95,126 last year
Days on Market
31
⇩ 8.8% vs 34 days last year

Price Per Square Foot

Median $/sqft
$63
⇩ 10% vs $70/sqft last year
Median Home Size
1,339 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 65 last year
  • Days on market: 31 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $81,350 (-7.6% YoY)
  • Average: $94,631 (-0.5% 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 7.8 miles — 533 listings ($123,488,881 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53206Milwaukee, WI 532060.0 mi63$6,775,083$99,095$107,541
53205Milwaukee, WI 532051.5 mi10$1,881,380$173,675$188,138
53216Milwaukee, WI 532162.3 mi66$11,805,090$172,980$178,865
53208Milwaukee, WI 532082.6 mi32$7,848,288$249,000$245,259
53203Milwaukee, WI 532032.7 mi8$4,787,088$369,900$598,386
53213Milwaukee, WI 532133.9 mi28$13,385,792$467,400$478,064
53218Milwaukee, WI 532184.1 mi112$19,130,720$165,000$170,810
53215Milwaukee, WI 532155.3 mi25$5,629,625$231,150$225,185
53226Milwaukee, WI 532265.8 mi19$8,710,550$432,225$458,450
53225Milwaukee, WI 532256.1 mi54$13,166,820$242,500$243,830
53223Milwaukee, WI 532236.7 mi52$9,063,860$156,475$174,305
53207Milwaukee, WI 532077.3 mi45$15,499,800$314,925$344,440
53227Milwaukee, WI 532277.8 mi19$5,804,785$305,400$305,515

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53206?

As of March 2026, there are 61 active listings in MILWAUKEE, WI (zip code 53206), compared to 65 the prior year.

What is the median home price in MILWAUKEE, WI 53206?

The median listing price in MILWAUKEE, WI 53206 is $81,350 as of March 2026, a 7.6% decrease from $88,000 the prior year.

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

Homes in MILWAUKEE, WI 53206 spend an average of 31 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53206?

Based on current inventory and days-on-market data as of March 2026, MILWAUKEE, WI 53206 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 34 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 53206 save an estimated $1,627 compared to a typical 5% commission on the median listing price of $81,350. 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.