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·Milwaukee Metro
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Milwaukee Metro

Milwaukee Metro Market Report

Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/29/2026

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Listings Flow Ladder — Milwaukee

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 151 listings/mo
balanced 4–6 mo2.3 mo
Faucet — new listings
1,885/mo
85% of normal (2,206) · trickle
Basin — active listings
3,954
59% of normal (6,660) · low
Months of supply
2.3 mo
derived — not published at this grain
Drain — closed sales
1,734/mo
84% of normal (2,064)
Net — faucet minus drain
+151/mo
filling
Reading
current
as of 2026-09-30
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 0%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 16%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 203/mofall in the monthly rate (10%)— peak 1,936/mo (2026-07-31) to 1,734/mo now
  • 6,689transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 70 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Verified county coverage:Milwaukee County, WI

Tracked ZIPs
10
Avg Score
72
Avg Median
$374,309
Market
Balanced
Avg Composite
72/100
Avg Median Price
$374,309
Avg Rent
$1,642/mo
Avg Burden
28.3%of income

Buyer Leverage — Should I Buy in Milwaukee?

45
Avg Buyer Score
79 ZIPs analyzed
Strong Buyer
1
Moderate
9
Balanced
42
Seller Favored
27
Strong Seller
0
Best for Buyers
53046Lannon80
53118Ottawa74
53021Fredonia68
53058Nashotah67
53074Port Washington64
Most Competitive
53223Milwaukee20
53204Milwaukee22
53222Milwaukee23
53209Milwaukee26
53228Greenfield26

BALANCED — Milwaukee roughly fair, negotiate on a per-ZIP basis

53186
Waukesha, Waukesha
67
Median Price
$368,088
YoY
+6.4%
Payment Burden
32.5%
Buy vs Rent
Rent
Days on Market
37
Supply
1.7 mo
Rent
$1,378
Val. Gap
-8.4%
53005
Brookfield, Waukesha
80
Median Price
$504,147
YoY
+4.3%
Payment Burden
26.9%
Buy vs Rent
Neutral
Days on Market
39
Supply
1.2 mo
Rent
$2,281
Val. Gap
-14.4%
53066
Oconomowoc, Waukesha
56
Median Price
$582,512
YoY
+6.6%
Payment Burden
34.5%
Buy vs Rent
Rent
Days on Market
45
Supply
2.5 mo
Rent
$1,891
Val. Gap
-16.5%
53051
Menomonee Falls, Waukesha
64
Median Price
$436,827
YoY
+5.1%
Payment Burden
29.3%
Buy vs Rent
Rent
Days on Market
43
Supply
2.1 mo
Rent
$1,621
Val. Gap
-15.7%
53209
Milwaukee, Milwaukee
77
Median Price
$164,901
YoY
+3.8%
Payment Burden
24%
Buy vs Rent
Buy
Days on Market
48
Supply
3.4 mo
Rent
$1,458
Val. Gap
-16.6%
53132
Franklin, Milwaukee
78
Median Price
$439,923
YoY
+3.6%
Payment Burden
26.2%
Buy vs Rent
Rent
Days on Market
41
Supply
2.2 mo
Rent
$1,737
Val. Gap
-14.9%
53151
New Berlin, Waukesha
73
Median Price
$452,393
YoY
+5.0%
Payment Burden
30.1%
Buy vs Rent
Neutral
Days on Market
35
Supply
1.5 mo
Rent
$1,895
Val. Gap
-13.7%
53215
Milwaukee, Milwaukee
66
Median Price
$221,399
YoY
+2.5%
Payment Burden
29.7%
Buy vs Rent
Neutral
Days on Market
33
Supply
2.4 mo
Rent
$1,072
Val. Gap
-20.4%
53207
Milwaukee, Milwaukee
80
Median Price
$303,386
YoY
+2.5%
Payment Burden
25.1%
Buy vs Rent
Buy
Days on Market
43
Supply
2.6 mo
Rent
$1,714
Val. Gap
-8.8%
53219
Milwaukee, Milwaukee
80
Median Price
$269,511
YoY
+3.9%
Payment Burden
25%
Buy vs Rent
Neutral
Days on Market
35
Supply
1.4 mo
Rent
$1,371
Val. Gap
-13.2%

Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.

Every ZIP market page in Milwaukee Metro (35)