Call or Text (240) SELL-123
Southwest Side

MILWAUKEE, WI 53220

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

Neighborhoods in ZIP 53220

Southwest Side

Market Analysis

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

The MILWAUKEE, WI real estate market (53220) currently shows 33 active listings, with 10 pending sales. Homes are averaging 21 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 selling faster, averaging 21 days on market compared to 23 days last year.

The median listing price has risen 5.5% year-over-year, from $272,450 to $287,400.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MILWAUKEE, WI 53220 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 26,931  ·  Density: 1,872.5/mi²  ·  Median household income: $68,421

Typical home value: $203,157  ·  Homeownership: 57.4%

Market Overview

Active Listings
33
⇧ 3.1% vs 32 last year
Pending
10
30% pending ratio
Median Price
$287,400
⇧ 5.5% vs $272,450 last year
Average Price
$305,592
⇧ 2.7% vs $297,635 last year
Days on Market
21
⇩ 8.7% vs 23 days last year

Price Per Square Foot

Median $/sqft
$206
⇧ 10.2% vs $187/sqft last year
Median Home Size
1,449 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 32 last year
  • Days on market: 21 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $287,400 (+5.5% YoY)
  • Average: $305,592 (+2.7% 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 — 402 listings ($141,487,510 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53220Milwaukee, WI 532200.0 mi25$6,698,225$263,750$267,929
53219Milwaukee, WI 532192.1 mi54$13,943,502$259,825$258,213
53228Milwaukee, WI 532282.6 mi13$4,077,645$317,350$313,665
53227Milwaukee, WI 532273.3 mi19$5,804,785$305,400$305,515
53214Milwaukee, WI 532144.0 mi39$9,937,239$266,200$254,801
53204Milwaukee, WI 532044.9 mi27$7,082,937$236,325$262,331
53132Franklin, WI 531325.6 mi60$30,496,440$476,200$508,274
53213Milwaukee, WI 532135.8 mi28$13,385,792$467,400$478,064
53203Milwaukee, WI 532036.3 mi8$4,787,088$369,900$598,386
53110Cudahy, WI 531106.6 mi25$7,513,875$299,900$300,555
53210Milwaukee, WI 532107.2 mi52$9,878,336$181,500$189,968
53154Oak Creek, WI 531547.4 mi39$17,424,420$444,900$446,780
53122Elm Grove, WI 531227.5 mi13$10,457,226$534,950$804,402

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53220?

As of March 2026, there are 33 active listings in MILWAUKEE, WI (zip code 53220), compared to 32 the prior year.

What is the median home price in MILWAUKEE, WI 53220?

The median listing price in MILWAUKEE, WI 53220 is $287,400 as of March 2026, a 5.5% increase from $272,450 the prior year.

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

Homes in MILWAUKEE, WI 53220 spend an average of 21 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 MILWAUKEE, WI 53220?

Based on current inventory and days-on-market data as of March 2026, MILWAUKEE, WI 53220 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 23 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 53220 save an estimated $5,748 compared to a typical 5% commission on the median listing price of $287,400. 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.