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Kerler Park Acres

MILWAUKEE, WI 53228

Real Estate Market Report  ·  Milwaukee County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
15
⇩ 16.7% vs 18 last year
Pending
2
13% pending ratio
Median Price
$319,900
⇧ 9.4% vs $292,400 last year
Average Price
$327,931
⇩ 1.8% vs $333,975 last year
Days on Market
39
⇩ 20.4% vs 49 days last year

Market Context

Population: 15,162  ·  Density: 1,115.3/mi²  ·  Median household income: $72,163

Typical home value: $239,394  ·  Homeownership: 50.9%

Market Analysis

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

The MILWAUKEE, WI real estate market (53228) currently shows 15 active listings, with 2 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 39 days on market compared to 49 days last year.

The median listing price has risen 9.4% year-over-year, from $292,400 to $319,900.

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: 15 this year vs 18 last year
  • Days on market: 39 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $319,900 (+9.4% YoY)
  • Average: $327,931 (-1.8% 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 8.5 miles — 374 listings ($138,660,946 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53228Milwaukee, WI 532280.0 mi15$4,918,965$319,900$327,931
53227Milwaukee, WI 532272.0 mi25$7,655,725$293,250$306,229
53151New Berlin, WI 531512.8 mi26$11,601,538$389,000$446,213
53219Milwaukee, WI 532193.3 mi53$12,900,571$249,900$243,407
53221Milwaukee, WI 532215.1 mi41$12,174,827$299,900$296,947
53226Milwaukee, WI 532265.7 mi15$6,643,560$452,500$442,904
53146New Berlin, WI 531465.9 mi7$2,662,198$382,500$380,314
53213Milwaukee, WI 532136.0 mi20$8,600,700$399,900$430,035
53204Milwaukee, WI 532046.9 mi29$7,925,990$223,700$273,310
53207Milwaukee, WI 532077.2 mi38$13,051,366$339,000$343,457
53210Milwaukee, WI 532107.9 mi45$8,602,830$174,900$191,174
53203Milwaukee, WI 532038.1 mi4$2,589,900$559,950$647,475
53045Brookfield, WI 530458.5 mi56$39,332,776$595,000$702,371

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53228?

As of January 2026, there are 15 active listings in MILWAUKEE, WI (zip code 53228), compared to 18 the prior year.

What is the median home price in MILWAUKEE, WI 53228?

The median listing price in MILWAUKEE, WI 53228 is $319,900 as of January 2026, a 9.4% increase from $292,400 the prior year.

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

Homes in MILWAUKEE, WI 53228 spend an average of 39 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53228?

Based on current inventory and days-on-market data as of January 2026, MILWAUKEE, WI 53228 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 39 days on market compared to 49 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 53228 save an estimated $6,398 compared to a typical 5% commission on the median listing price of $319,900. 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.