Market Intelligence · WI / Milwaukee

Milwaukee, WI 53202 Housing Market

The typical home in Milwaukee's 53202 ZIP code is valued at $361,554, down 2.4% over the past year. The median list price stands at $439,975, with homes spending 59 days on the market as of September 2026.

Updated September 2026Median value$362K

The median home value in Milwaukee, WI 53202 is $362K as of September 2026, down 2.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Milwaukee home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 53202 range

$333K to $390K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 53202 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Milwaukee, WI.

12-month value trend

-2.4% over 12 months

Sep 2025$370K

Low $362KHigh $371K

Sep 2026$362K

The numbers

What is the 53202 housing market like?

As of September 2026

Typical home value

$362K

2.4%YoY

Median list price

$440K

3.5%MoM

Days on market

11.3%MoM

Homes for sale

157

1.3%MoM

Price cuts

19.6%

38.2%MoM

New listings

13.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

53202 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53202 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 53202 fell 2.4%, per the Zillow Home Value Index.

Will home prices drop in 53202?

Zillow's forecast does not call for a drop: it expects typical home values in 53202 to rise 2.0% by September 2027, after a 2.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 53202 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 53202 home prices compare?

53202$361,554
Milwaukee$249,849
Wisconsin$310,474
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Milwaukee: 28 ZIPs; Wisconsin: 679 ZIPs; United States: 26,262 ZIPs).

Context

The 53202 market is moderately active, with 157 homes for sale and 38 new listings in September 2026. Homes are taking about two months to sell on average. Nearly one in five listings, 19.6%, have seen a price reduction, suggesting sellers are adjusting to buyer expectations. The year-over-year decline in typical home value reflects softer demand. If you're considering selling, expect a measured market where pricing strategy and condition matter more than they did a year ago.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $72,311

Term

Rate (%)

Common questions

What people ask us.

What is a typical home worth in 53202?

The typical home value in this ZIP is $361,554 as of September 2026, down 2.4% from the prior year.

How long do homes take to sell here?

The median time on market is 59 days as of September 2026.

Are sellers dropping prices?

Yes. As of September 2026, 19.6% of listings in 53202 have had a price cut.

Discover

Nearby ZIP markets.

Keep reading