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Cold Spring Park Concordia Far West Side Hawthorne Glen Martin Drive Menomonee River Valley Merrill Park Midtown Miller Valley Near South Side Walnut Hill Washington Heights West Side Wick Field

MILWAUKEE, WI 53208

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

Neighborhoods in ZIP 53208

Cold Spring Park · Concordia · Far West Side · Hawthorne Glen · Martin Drive · Menomonee River Valley · Merrill Park · Midtown · Miller Valley · Near South Side · Walnut Hill · Washington Heights · West Side · Wick Field

Market Analysis

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

The MILWAUKEE, WI real estate market (53208) currently shows 32 active listings, with 5 pending sales. Homes are averaging 32 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.

The median listing price has fallen 4.1% year-over-year, from $259,750 to $249,000.

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: 27,660  ·  Density: 2,527.8/mi²  ·  Median household income: $44,348

Typical home value: $177,310  ·  Homeownership: 40.0%

Market Overview

Active Listings
32
⇩ 8.6% vs 35 last year
Pending
5
16% pending ratio
Median Price
$249,000
⇩ 4.1% vs $259,750 last year
Average Price
$245,259
⇩ 3.9% vs $255,248 last year
Days on Market
32
vs 32 days last year

Price Per Square Foot

Median $/sqft
$139
⇧ 1.5% vs $137/sqft last year
Median Home Size
1,663 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 35 last year
  • Days on market: 32 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $249,000 (-4.1% YoY)
  • Average: $245,259 (-3.9% 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 6.7 miles — 500 listings ($147,300,358 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53208Milwaukee, WI 532080.0 mi28$6,817,188$219,900$243,471
53205Milwaukee, WI 532051.7 mi10$1,807,130$152,400$180,713
53203Milwaukee, WI 532032.6 mi4$2,589,900$559,950$647,475
53204Milwaukee, WI 532042.8 mi29$7,925,990$223,700$273,310
53214Milwaukee, WI 532143.1 mi29$7,667,948$257,400$264,412
53202Milwaukee, WI 532023.4 mi85$41,533,805$354,900$488,633
53219Milwaukee, WI 532193.7 mi53$12,900,571$249,900$243,407
53222Milwaukee, WI 532224.3 mi50$13,362,100$250,000$267,242
53218Milwaukee, WI 532185.0 mi80$14,240,800$169,900$178,010
53220Milwaukee, WI 532205.7 mi32$8,870,848$270,000$277,214
53207Milwaukee, WI 532076.1 mi38$13,051,366$339,000$343,457
53225Milwaukee, WI 532256.1 mi47$11,613,747$244,950$247,101
53228Milwaukee, WI 532286.7 mi15$4,918,965$319,900$327,931

Frequently Asked Questions

How many homes are for sale in MILWAUKEE, WI 53208?

As of February 2026, there are 32 active listings in MILWAUKEE, WI (zip code 53208), compared to 35 the prior year.

What is the median home price in MILWAUKEE, WI 53208?

The median listing price in MILWAUKEE, WI 53208 is $249,000 as of February 2026, a 4.1% decrease from $259,750 the prior year.

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

Homes in MILWAUKEE, WI 53208 spend an average of 32 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in MILWAUKEE, WI 53208?

Based on current inventory and days-on-market data as of February 2026, MILWAUKEE, WI 53208 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

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

With SELL123.com's maximum 3% commission, sellers in MILWAUKEE, WI 53208 save an estimated $4,980 compared to a typical 5% commission on the median listing price of $249,000. 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.