Market Intelligence · WI / Milwaukee

Milwaukee, WI 53204 Housing Market

The typical home value in Milwaukee's 53204 ZIP code is $164,253, up 5.0% over the past year as of 2026-08-01. The median list price stands at $289,900, and homes are spending a median of 43 days on market.

Updated August 2026Median value$164K

The median home value in Milwaukee, WI 53204 is $164K as of August 2026, up 5.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 53204 range

$151K to $177K

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

+5.0% over 12 months

Typical home value in 53204 over the last 12 months: $156K in Aug 2025 to $164K in Aug 2026 (+5.0%).

Aug 2025$156K

Aug 2026$164K

The numbers

What is the 53204 housing market like?

Typical home value

$164K

Up5.0%YoY

Median list price

$290K

Up19.5%MoM

Days on market

43

Up19.4%MoM

Homes for sale

27

Up8.0%MoM

Price cuts

10.8%

Down27.9%MoM

New listings

4

Down60.0%MoM

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

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The comparison

How do 53204 home prices compare?

  • 53204$164,253
  • Milwaukee$255,059
  • Wisconsin$311,914
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Milwaukee: 28 ZIPs; Wisconsin: 679 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 27 homes for sale in 53204, with 4 new listings entering the market. The median list price of $289,900 sits well above the typical home value of $164,253, which has climbed 5.0% over the past year. Homes are moving in a median of 43 days, and 10.8% of listings have taken a price cut. That pace and the modest share of reductions suggest buyers have some room to negotiate, but values are still rising. For a seller, pricing realistically from the start matters more than testing the high end of the market.

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