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Far North Side Franklin Heights Grasslyn Manor Roosevelt Grove Sherman Park Sunset Heights West Side

MILWAUKEE, WI 53216

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53216

Far North Side · Franklin Heights · Grasslyn Manor · Roosevelt Grove · Sherman Park · Sunset Heights · West Side

Market Analysis

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

The MILWAUKEE, WI real estate market (53216) currently shows 66 active listings, with 8 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 31 days last year.

The median listing price has risen 6.5% year-over-year, from $164,500 to $175,225.

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: 31,030  ·  Density: 2,598.7/mi²  ·  Median household income: $41,733

Typical home value: $114,493  ·  Homeownership: 45.1%

Market Overview

Active Listings
66
⇧ 1.5% vs 65 last year
Pending
8
12% pending ratio
Median Price
$175,225
⇧ 6.5% vs $164,500 last year
Average Price
$181,518
⇧ 10.9% vs $163,706 last year
Days on Market
37
⇧ 19.4% vs 31 days last year

Price Per Square Foot

Median $/sqft
$133
⇧ 1.5% vs $131/sqft last year
Median Home Size
1,384 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 65 last year
  • Days on market: 37 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $175,225 (+6.5% YoY)
  • Average: $181,518 (+10.9% 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 6.4 miles — 638 listings ($190,275,112 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53216Milwaukee, WI 532160.0 mi66$11,805,090$172,980$178,865
53218Milwaukee, WI 532182.1 mi112$19,130,720$165,000$170,810
53208Milwaukee, WI 532082.9 mi32$7,848,288$249,000$245,259
53222Milwaukee, WI 532223.0 mi55$15,999,720$269,925$290,904
53209Milwaukee, WI 532093.3 mi117$23,585,211$177,450$201,583
53225Milwaukee, WI 532253.8 mi54$13,166,820$242,500$243,830
53203Milwaukee, WI 532034.5 mi8$4,787,088$369,900$598,386
53202Milwaukee, WI 532024.8 mi96$48,367,776$343,200$503,831
53007Butler, WI 530075.0 mi2$687,300$343,650$343,650
53204Milwaukee, WI 532045.4 mi27$7,082,937$236,325$262,331
53122Elm Grove, WI 531226.2 mi13$10,457,226$534,950$804,402
53215Milwaukee, WI 532156.2 mi25$5,629,625$231,150$225,185
53005Brookfield, WI 530056.4 mi31$21,727,311$548,675$700,881

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53216?

As of March 2026, there are 66 active listings in MILWAUKEE, WI (zip code 53216), compared to 65 the prior year.

What is the median home price in MILWAUKEE, WI 53216?

The median listing price in MILWAUKEE, WI 53216 is $175,225 as of March 2026, a 6.5% increase from $164,500 the prior year.

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

Homes in MILWAUKEE, WI 53216 spend an average of 37 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53216?

Based on current inventory and days-on-market data as of March 2026, MILWAUKEE, WI 53216 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 31 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 53216 save an estimated $3,505 compared to a typical 5% commission on the median listing price of $175,225. 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.