Market Intelligence · WI / Milwaukee

Milwaukee, WI 53203 Housing Market

In Milwaukee's 53203 ZIP code, the typical home value stands at $383,218, down 4.5% over the past year. The median list price is $319,000, with homes spending 32 days on market as of September 2026.

Updated September 2026Median value$383K

The median home value in Milwaukee, WI 53203 is $383K as of September 2026, down 4.5% 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.

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Typical 53203 range

$353K to $414K

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.

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12-month value trend

-4.5% over 12 months

Sep 2025$401K

Low $383KHigh $401K

Sep 2026$383K

The numbers

What is the 53203 housing market like?

As of September 2026

Typical home value

$383K

4.5%YoY

Median list price

$319K

33.2%MoM

Days on market

6.7%MoM

Homes for sale

20.0%MoM

Price cuts

0.0%

New listings

50.0%MoM

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

The outlook

53203 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53203 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 53203 fell 4.5%, per the Zillow Home Value Index.

Will home prices drop in 53203?

Zillow's forecast does not call for a drop: it expects typical home values in 53203 to rise 2.3% by September 2027, after a 4.5% 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.

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The comparison

How do 53203 home prices compare?

53203$383,218
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 area has 6 homes for sale with 2 new listings as of September 2026. The median days on market of 32 suggests a moderately paced sales cycle. With no price cuts recorded across listings, sellers appear willing to hold their initial asking prices even as values have declined year-over-year. The gap between typical home value and median list price may reflect the current buyer pool's expectations. If you're considering a sale, expect a patient market where pricing strategy matters more than timing.

Monthly payment

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Home price

Down payment20% · $76,644

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Common questions

What people ask us.

What is the typical home value in 53203?

The typical home value in 53203 is $383,218 as of September 2026, down 4.5% over the past year.

How long do homes typically stay on the market in 53203?

Homes in 53203 spend a median of 32 days on market as of September 2026.

What is the median list price in 53203?

The median list price in 53203 is $319,000 as of September 2026.

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