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Clarke Square Clock Tower Acres Harbor View Historic Mitchell Street Lincoln Village Menomonee River Valley Mitchell Park Muskego Way Near South Side Walker's Point

MILWAUKEE, WI 53204

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53204

Clarke Square · Clock Tower Acres · Harbor View · Historic Mitchell Street · Lincoln Village · Menomonee River Valley · Mitchell Park · Muskego Way · Near South Side · Walker's Point

Market Analysis

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

The MILWAUKEE, WI real estate market (53204) currently shows 27 active listings, with 5 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 79 days last year.

The median listing price has risen 11.9% year-over-year, from $211,175 to $236,325.

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 Context

Market Context

Population: 39,203  ·  Density: 4,692.8/mi²  ·  Median household income: $41,623

Typical home value: $96,667  ·  Homeownership: 26.1%

Market Overview

Active Listings
27
⇧ 17.4% vs 23 last year
Pending
5
19% pending ratio
Median Price
$236,325
⇧ 11.9% vs $211,175 last year
Average Price
$262,331
⇩ 29.3% vs $371,135 last year
Days on Market
38
⇩ 51.9% vs 79 days last year

Price Per Square Foot

Median $/sqft
$180
⇧ 3.4% vs $174/sqft last year
Median Home Size
1,144 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 23 last year
  • Days on market: 38 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $236,325 (+11.9% YoY)
  • Average: $262,331 (-29.3% 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 7.5 miles — 422 listings ($112,453,061 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53204Milwaukee, WI 532040.0 mi29$7,925,990$223,700$273,310
53215Milwaukee, WI 532151.7 mi24$5,414,952$229,900$225,623
53205Milwaukee, WI 532052.5 mi10$1,807,130$152,400$180,713
53207Milwaukee, WI 532073.4 mi38$13,051,366$339,000$343,457
53206Milwaukee, WI 532064.0 mi60$5,971,140$89,320$99,519
53235Saint Francis, WI 532354.2 mi49$21,416,675$402,500$437,075
53213Milwaukee, WI 532134.4 mi20$8,600,700$399,900$430,035
53214Milwaukee, WI 532144.6 mi29$7,667,948$257,400$264,412
53220Milwaukee, WI 532204.9 mi32$8,870,848$270,000$277,214
53110Cudahy, WI 531105.8 mi21$5,922,987$279,900$282,047
53226Milwaukee, WI 532266.3 mi15$6,643,560$452,500$442,904
53228Milwaukee, WI 532286.9 mi15$4,918,965$319,900$327,931
53218Milwaukee, WI 532187.5 mi80$14,240,800$169,900$178,010

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53204?

As of February 2026, there are 27 active listings in MILWAUKEE, WI (zip code 53204), compared to 23 the prior year.

What is the median home price in MILWAUKEE, WI 53204?

The median listing price in MILWAUKEE, WI 53204 is $236,325 as of February 2026, a 11.9% increase from $211,175 the prior year.

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

Homes in MILWAUKEE, WI 53204 spend an average of 38 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53204?

Based on current inventory and days-on-market data as of February 2026, MILWAUKEE, WI 53204 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 79 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 53204 save an estimated $4,727 compared to a typical 5% commission on the median listing price of $236,325. 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.