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WAUKESHA, WI 53188

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The WAUKESHA, WI real estate market (53188) currently shows 60 active listings, with 7 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 39 days on market compared to 37 days last year.

The median listing price has risen 10% year-over-year, from $422,725 to $464,900.

Whether you are buying or selling in WAUKESHA, 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 Context

Market Context

Population: 34,078  ·  Density: 490.7/mi²  ·  Median household income: $84,409

Typical home value: $293,788  ·  Homeownership: 66.3%

Market Overview

Active Listings
60
⇧ 11.1% vs 54 last year
Pending
7
12% pending ratio
Median Price
$464,900
⇧ 10% vs $422,725 last year
Average Price
$562,115
⇧ 18.3% vs $475,354 last year
Days on Market
39
⇧ 5.4% vs 37 days last year

Price Per Square Foot

Median $/sqft
$250
⇧ 10.6% vs $226/sqft last year
Median Home Size
1,805 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 54 last year
  • Days on market: 39 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $464,900 (+10% YoY)
  • Average: $562,115 (+18.3% 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 12.8 miles — 438 listings ($276,422,941 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53188Waukesha, WI 531880.0 mi49$28,914,508$516,950$590,092
53072Pewaukee, WI 530724.3 mi70$48,819,750$670,900$697,425
53189Waukesha, WI 531894.8 mi58$32,174,166$512,450$554,727
53146New Berlin, WI 531467.6 mi7$2,662,198$382,500$380,314
53153North Prairie, WI 531537.9 mi1$435,000$435,000$435,000
53029Hartland, WI 530298.9 mi27$24,845,805$774,900$920,215
53069Okauchee, WI 530699.4 mi3$2,055,801$459,900$685,267
53151New Berlin, WI 5315110.3 mi26$11,601,538$389,000$446,213
53149Mukwonago, WI 5314910.4 mi46$27,526,032$599,450$598,392
53122Elm Grove, WI 5312210.6 mi8$4,894,160$439,950$611,770
53066Oconomowoc, WI 5306611.9 mi98$73,931,298$624,900$754,401
53150Muskego, WI 5315012.6 mi20$10,906,960$562,450$545,348
53227Milwaukee, WI 5322712.8 mi25$7,655,725$293,250$306,229

Frequently Asked Questions

How many homes are for sale in WAUKESHA, WI 53188?

As of February 2026, there are 60 active listings in WAUKESHA, WI (zip code 53188), compared to 54 the prior year.

What is the median home price in WAUKESHA, WI 53188?

The median listing price in WAUKESHA, WI 53188 is $464,900 as of February 2026, a 10% increase from $422,725 the prior year.

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

Homes in WAUKESHA, WI 53188 spend an average of 39 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in WAUKESHA, WI 53188?

Based on current inventory and days-on-market data as of February 2026, WAUKESHA, WI 53188 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 39 days on market compared to 37 days last year.

How much can I save on real estate commission in WAUKESHA, WI?

With SELL123.com's maximum 3% commission, sellers in WAUKESHA, WI 53188 save an estimated $9,298 compared to a typical 5% commission on the median listing price of $464,900. 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.