Call or Text (240) SELL-123

MILWAUKEE, WI 53223

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

Market Overview

Active Listings
54
⇩ 8.5% vs 59 last year
Pending
8
15% pending ratio
Median Price
$189,900
⇩ 3.2% vs $196,175 last year
Average Price
$196,126
⇩ 0.4% vs $196,912 last year
Days on Market
47
⇧ 6.8% vs 44 days last year

Market Context

Population: 28,899  ·  Density: 1,132.2/mi²  ·  Median household income: $57,120

Typical home value: $171,968  ·  Homeownership: 50.2%

Market Analysis

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

The MILWAUKEE, WI real estate market (53223) currently shows 54 active listings, with 8 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 44 days last year.

The median listing price has fallen 3.2% year-over-year, from $196,175 to $189,900.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MILWAUKEE, WI 53223 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 59 last year
  • Days on market: 47 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $189,900 (-3.2% YoY)
  • Average: $196,126 (-0.4% 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 9.3 miles — 483 listings ($222,691,106 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53223Milwaukee, WI 532230.0 mi54$10,590,804$189,900$196,126
53209Milwaukee, WI 532093.2 mi102$19,911,624$169,250$195,212
53217Milwaukee, WI 532173.7 mi47$42,865,739$527,500$912,037
53092Mequon, WI 530924.4 mi34$23,748,048$489,950$698,472
53007Butler, WI 530075.6 mi3$974,850$339,950$324,950
53222Milwaukee, WI 532226.0 mi50$13,362,100$250,000$267,242
53052Menomonee Falls, WI 530526.6 mi4$2,916,932$722,900$729,233
53051Menomonee Falls, WI 530516.8 mi91$59,883,369$659,450$658,059
53211Milwaukee, WI 532117.7 mi20$15,178,900$462,500$758,945
53213Milwaukee, WI 532137.9 mi20$8,600,700$399,900$430,035
53208Milwaukee, WI 532088.2 mi28$6,817,188$219,900$243,471
53046Lannon, WI 530468.6 mi22$12,946,692$579,900$588,486
53122Elm Grove, WI 531229.3 mi8$4,894,160$439,950$611,770

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53223?

As of January 2026, there are 54 active listings in MILWAUKEE, WI (zip code 53223), compared to 59 the prior year.

What is the median home price in MILWAUKEE, WI 53223?

The median listing price in MILWAUKEE, WI 53223 is $189,900 as of January 2026, a 3.2% decrease from $196,175 the prior year.

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

Homes in MILWAUKEE, WI 53223 spend an average of 47 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53223?

Based on current inventory and days-on-market data as of January 2026, MILWAUKEE, WI 53223 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 44 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 53223 save an estimated $3,798 compared to a typical 5% commission on the median listing price of $189,900. 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.