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Far South Side Southwest Side

MILWAUKEE, WI 53221

Real Estate Market Report  ·  Milwaukee County
Buyer's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53221

Far South Side · Southwest Side

Market Analysis

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

The MILWAUKEE, WI real estate market (53221) currently shows 61 active listings, with 13 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 25 days on market compared to 17 days last year.

The median listing price has risen 1.5% year-over-year, from $289,225 to $293,700.

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

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

Market Overview

Active Listings
61
⇧ 8.9% vs 56 last year
Pending
13
21% pending ratio
Median Price
$293,700
⇧ 1.5% vs $289,225 last year
Average Price
$295,773
⇩ 2.7% vs $304,026 last year
Days on Market
25
⇧ 47.1% vs 17 days last year

Price Per Square Foot

Median $/sqft
$192
⇧ 2.7% vs $187/sqft last year
Median Home Size
1,450 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 56 last year
  • Days on market: 25 now vs 17 last year

Median & Average Pricing

Year over Year
  • Median: $293,700 (+1.5% YoY)
  • Average: $295,773 (-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 8.4 miles — 549 listings ($198,380,894 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53221Milwaukee, WI 532210.0 mi37$10,667,063$297,225$288,299
53220Milwaukee, WI 532202.5 mi25$6,698,225$263,750$267,929
53215Milwaukee, WI 532153.1 mi25$5,629,625$231,150$225,185
53235Saint Francis, WI 532353.8 mi76$33,110,464$415,000$435,664
53204Milwaukee, WI 532044.5 mi27$7,082,937$236,325$262,331
53228Milwaukee, WI 532285.1 mi13$4,077,645$317,350$313,665
53154Oak Creek, WI 531545.6 mi39$17,424,420$444,900$446,780
53132Franklin, WI 531325.8 mi60$30,496,440$476,200$508,274
53203Milwaukee, WI 532036.0 mi8$4,787,088$369,900$598,386
53202Milwaukee, WI 532026.7 mi96$48,367,776$343,200$503,831
53213Milwaukee, WI 532137.2 mi28$13,385,792$467,400$478,064
53210Milwaukee, WI 532108.1 mi52$9,878,336$181,500$189,968
53206Milwaukee, WI 532068.4 mi63$6,775,083$99,095$107,541

Frequently Asked Questions

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

As of April 2026, there are 61 active listings in MILWAUKEE, WI (zip code 53221), compared to 56 the prior year.

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

The median listing price in MILWAUKEE, WI 53221 is $293,700 as of April 2026, a 1.5% increase from $289,225 the prior year.

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

Homes in MILWAUKEE, WI 53221 spend an average of 25 days on the market before going under contract, compared to 17 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 April 2026, MILWAUKEE, WI 53221 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 25 days on market compared to 17 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 $5,874 compared to a typical 5% commission on the median listing price of $293,700. 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.