Population: 28,899 · Density: 1,132.2/mi² · Median household income: $57,120
Typical home value: $171,968 · Homeownership: 50.2%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 53223 | Milwaukee, WI 53223 | 0.0 mi | 54 | $10,590,804 | $189,900 | $196,126 |
| 53209 | Milwaukee, WI 53209 | 3.2 mi | 102 | $19,911,624 | $169,250 | $195,212 |
| 53217 | Milwaukee, WI 53217 | 3.7 mi | 47 | $42,865,739 | $527,500 | $912,037 |
| 53092 | Mequon, WI 53092 | 4.4 mi | 34 | $23,748,048 | $489,950 | $698,472 |
| 53007 | Butler, WI 53007 | 5.6 mi | 3 | $974,850 | $339,950 | $324,950 |
| 53222 | Milwaukee, WI 53222 | 6.0 mi | 50 | $13,362,100 | $250,000 | $267,242 |
| 53052 | Menomonee Falls, WI 53052 | 6.6 mi | 4 | $2,916,932 | $722,900 | $729,233 |
| 53051 | Menomonee Falls, WI 53051 | 6.8 mi | 91 | $59,883,369 | $659,450 | $658,059 |
| 53211 | Milwaukee, WI 53211 | 7.7 mi | 20 | $15,178,900 | $462,500 | $758,945 |
| 53213 | Milwaukee, WI 53213 | 7.9 mi | 20 | $8,600,700 | $399,900 | $430,035 |
| 53208 | Milwaukee, WI 53208 | 8.2 mi | 28 | $6,817,188 | $219,900 | $243,471 |
| 53046 | Lannon, WI 53046 | 8.6 mi | 22 | $12,946,692 | $579,900 | $588,486 |
| 53122 | Elm Grove, WI 53122 | 9.3 mi | 8 | $4,894,160 | $439,950 | $611,770 |
As of January 2026, there are 54 active listings in MILWAUKEE, WI (zip code 53223), compared to 59 the prior year.
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.
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.
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.
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.