Market Intelligence · WI / Milwaukee

Milwaukee, WI 53204 Housing Market

Typical home value in 53204 stands at $159,038, up 4.4% over the past year. The median list price sits at $294,675, with homes staying on market for a median 62 days as of September 2026.

Updated September 2026Median value$159K

The median home value in Milwaukee, WI 53204 is $159K as of September 2026, up 4.4% 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.

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Typical 53204 range

$146K to $172K

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

+4.4% over 12 months

Sep 2025$152K

Low $152KHigh $159K

Sep 2026$159K

The numbers

What is the 53204 housing market like?

As of September 2026

Typical home value

$159K

4.4%YoY

Median list price

$295K

1.6%MoM

Days on market

44.2%MoM

Homes for sale

11.1%MoM

Price cuts

9.1%

15.5%MoM

New listings

100.0%MoM

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

The outlook

53204 housing market forecast 2027

+3.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53204 to rise 3.3% by September 2027.

Over the 12 months through September 2026, typical home values in 53204 rose 4.4%, per the Zillow Home Value Index.

Will home prices drop in 53204?

Zillow's forecast does not call for a drop: it expects typical home values in 53204 to rise 3.3% by September 2027, after a 4.4% rise 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 53204 home prices compare?

53204$159,038
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 53204 market shows steady fundamentals. There are 24 homes for sale with 8 new listings added in September 2026. The 4.4% annual appreciation suggests underlying demand, though the 62-day median time on market indicates buyers are taking their time before making offers. Only 9.1% of listings carry a price cut, a modest share that reflects a reasonably balanced inventory. For a seller, the key question is timing: list now if you need certainty, or wait if you can afford patience.

Monthly payment

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Home price

Down payment20% · $31,808

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Common questions

What people ask us.

What is a typical home value in Milwaukee 53204?

The typical home value is $159,038, up 4.4% over the past year as of September 2026.

How long do homes stay on the market in 53204?

The median days on market is 62 as of September 2026.

How many homes are currently for sale in 53204?

There are 24 homes for sale, with 8 new listings added in September 2026.

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