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Borchert Field Far North Side Franklin Heights Near North Side North Division Park West

MILWAUKEE, WI 53206

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

Neighborhoods in ZIP 53206

Borchert Field · Far North Side · Franklin Heights · Near North Side · North Division · Park West

Market Analysis

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

The MILWAUKEE, WI real estate market (53206) currently shows 63 active listings, with 19 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43 days on market compared to 36 days last year.

The median listing price has risen 7.2% year-over-year, from $92,475 to $99,095.

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: 20,481  ·  Density: 2,982.0/mi²  ·  Median household income: $27,461

Typical home value: $61,588  ·  Homeownership: 32.7%

Market Overview

Active Listings
63
⇧ 34% vs 47 last year
Pending
19
30% pending ratio
Median Price
$99,095
⇧ 7.2% vs $92,475 last year
Average Price
$107,541
⇧ 8.4% vs $99,212 last year
Days on Market
43
⇧ 19.4% vs 36 days last year

Price Per Square Foot

Median $/sqft
$75
⇧ 2.7% vs $73/sqft last year
Median Home Size
1,348 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 47 last year
  • Days on market: 43 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $99,095 (+7.2% YoY)
  • Average: $107,541 (+8.4% 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 — 456 listings ($103,862,087 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53206Milwaukee, WI 532060.0 mi60$5,971,140$89,320$99,519
53205Milwaukee, WI 532051.5 mi10$1,807,130$152,400$180,713
53216Milwaukee, WI 532162.3 mi51$8,865,075$169,900$173,825
53208Milwaukee, WI 532082.6 mi28$6,817,188$219,900$243,471
53203Milwaukee, WI 532032.7 mi4$2,589,900$559,950$647,475
53213Milwaukee, WI 532133.9 mi20$8,600,700$399,900$430,035
53218Milwaukee, WI 532184.1 mi80$14,240,800$169,900$178,010
53215Milwaukee, WI 532155.3 mi24$5,414,952$229,900$225,623
53226Milwaukee, WI 532265.8 mi15$6,643,560$452,500$442,904
53225Milwaukee, WI 532256.1 mi47$11,613,747$244,950$247,101
53223Milwaukee, WI 532236.7 mi54$10,590,804$189,900$196,126
53207Milwaukee, WI 532077.3 mi38$13,051,366$339,000$343,457
53227Milwaukee, WI 532277.8 mi25$7,655,725$293,250$306,229

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53206?

As of February 2026, there are 63 active listings in MILWAUKEE, WI (zip code 53206), compared to 47 the prior year.

What is the median home price in MILWAUKEE, WI 53206?

The median listing price in MILWAUKEE, WI 53206 is $99,095 as of February 2026, a 7.2% increase from $92,475 the prior year.

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

Homes in MILWAUKEE, WI 53206 spend an average of 43 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53206?

Based on current inventory and days-on-market data as of February 2026, MILWAUKEE, WI 53206 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 36 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 53206 save an estimated $1,982 compared to a typical 5% commission on the median listing price of $99,095. 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.