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MILWAUKEE, WI 53221

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

Market Overview

Active Listings
41
⇩ 12.8% vs 47 last year
Pending
6
15% pending ratio
Median Price
$299,900
⇧ 4.3% vs $287,450 last year
Average Price
$296,947
⇧ 1.3% vs $293,205 last year
Days on Market
50
⇧ 16.3% vs 43 days last year

Market Context

Population: 39,066  ·  Density: 1,674.2/mi²  ·  Median household income: $57,143

Typical home value: $188,015  ·  Homeownership: 56.8%

Market Analysis

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

The MILWAUKEE, WI real estate market (53221) currently shows 41 active listings, with 6 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 50 days on market compared to 43 days last year.

The median listing price has risen 4.3% year-over-year, from $287,450 to $299,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 47 last year
  • Days on market: 50 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $299,900 (+4.3% YoY)
  • Average: $296,947 (+1.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.4 miles — 512 listings ($177,393,594 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53221Milwaukee, WI 532210.0 mi41$12,174,827$299,900$296,947
53220Milwaukee, WI 532202.5 mi32$8,870,848$270,000$277,214
53215Milwaukee, WI 532153.1 mi24$5,414,952$229,900$225,623
53235Saint Francis, WI 532353.8 mi49$21,416,675$402,500$437,075
53204Milwaukee, WI 532044.5 mi29$7,925,990$223,700$273,310
53228Milwaukee, WI 532285.1 mi15$4,918,965$319,900$327,931
53154Oak Creek, WI 531545.6 mi41$17,569,402$439,900$428,522
53132Franklin, WI 531325.8 mi67$31,803,560$400,000$474,680
53203Milwaukee, WI 532036.0 mi4$2,589,900$559,950$647,475
53202Milwaukee, WI 532026.7 mi85$41,533,805$354,900$488,633
53213Milwaukee, WI 532137.2 mi20$8,600,700$399,900$430,035
53210Milwaukee, WI 532108.1 mi45$8,602,830$174,900$191,174
53206Milwaukee, WI 532068.4 mi60$5,971,140$89,320$99,519

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53221?

As of January 2026, there are 41 active listings in MILWAUKEE, WI (zip code 53221), compared to 47 the prior year.

What is the median home price in MILWAUKEE, WI 53221?

The median listing price in MILWAUKEE, WI 53221 is $299,900 as of January 2026, a 4.3% increase from $287,450 the prior year.

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

Homes in MILWAUKEE, WI 53221 spend an average of 50 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53221?

Based on current inventory and days-on-market data as of January 2026, MILWAUKEE, WI 53221 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 50 days on market compared to 43 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 53221 save an estimated $5,998 compared to a typical 5% commission on the median listing price of $299,900. 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.