Milwaukee, WI home prices and housing market

Milwaukee home values are up about 4 percent this year, and homes are selling in roughly a month. If you have been wondering whether the moment to sell has arrived, this month's numbers point in one clear direction. The typical Milwaukee home is now worth about two hundred fifty-five thousand dollars, a solid gain over where things stood a year ago. Homes that hit the market are moving in about thirty-three days, and sellers do not have much competition, with only around one thousand five hundred homes for sale across the city and roughly 640 new listings coming on. But here is the catch. The median asking price is about two hundred seventy-four thousand dollars, nearly nineteen thousand dollars above what the typical home is actually worth, and nearly 16 percent of listings have already cut their price. Sellers are reaching, and buyers are pushing back on the ones who reach too far. So the play here is simple. Price at or just under market value, and you are likely selling within a month. Aim high, and you risk joining the price-cut crowd after weeks of waiting. To find out what your Milwaukee home is worth right now, get a free estimate at Home Value Pros dot com.