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Southwest Side

MILWAUKEE, WI 53227

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

Neighborhoods in ZIP 53227

Southwest Side

Market Analysis

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

The MILWAUKEE, WI real estate market (53227) currently shows 49 active listings, with 5 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 27 days on market compared to 25 days last year.

The median listing price has risen 13.3% year-over-year, from $282,400 to $319,950.

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Market Context

Market Context

Population: 23,263  ·  Density: 1,755.2/mi²  ·  Median household income: $68,533

Typical home value: $196,287  ·  Homeownership: 47.5%

Market Overview

Active Listings
49
⇧ 25.6% vs 39 last year
Pending
5
10% pending ratio
Median Price
$319,950
⇧ 13.3% vs $282,400 last year
Average Price
$331,439
⇧ 12.9% vs $293,616 last year
Days on Market
27
⇧ 8% vs 25 days last year

Price Per Square Foot

Median $/sqft
$209
⇧ 1% vs $207/sqft last year
Median Home Size
1,440 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 49 this year vs 39 last year
  • Days on market: 27 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $319,950 (+13.3% YoY)
  • Average: $331,439 (+12.9% 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 7.8 miles — 394 listings ($160,195,317 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53227Milwaukee, WI 532270.0 mi19$5,804,785$305,400$305,515
53214Milwaukee, WI 532142.2 mi39$9,937,239$266,200$254,801
53151New Berlin, WI 531513.2 mi29$12,861,819$414,900$443,511
53226Milwaukee, WI 532263.7 mi19$8,710,550$432,225$458,450
53213Milwaukee, WI 532134.2 mi28$13,385,792$467,400$478,064
53129Greendale, WI 531294.5 mi8$2,725,464$297,500$340,683
53208Milwaukee, WI 532085.2 mi32$7,848,288$249,000$245,259
53221Milwaukee, WI 532215.8 mi37$10,667,063$297,225$288,299
53146New Berlin, WI 531466.1 mi5$1,853,815$361,000$370,763
53210Milwaukee, WI 532106.1 mi52$9,878,336$181,500$189,968
53203Milwaukee, WI 532037.0 mi8$4,787,088$369,900$598,386
53045Brookfield, WI 530457.1 mi58$41,238,638$622,400$711,011
53132Franklin, WI 531327.8 mi60$30,496,440$476,200$508,274

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53227?

As of September 2026, there are 49 active listings in MILWAUKEE, WI (zip code 53227), compared to 39 the prior year.

What is the median home price in MILWAUKEE, WI 53227?

The median listing price in MILWAUKEE, WI 53227 is $319,950 as of September 2026, a 13.3% increase from $282,400 the prior year.

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

Homes in MILWAUKEE, WI 53227 spend an average of 27 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53227?

Based on current inventory and days-on-market data as of September 2026, MILWAUKEE, WI 53227 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 27 days on market compared to 25 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 53227 save an estimated $6,399 compared to a typical 5% commission on the median listing price of $319,950. 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.