Market Intelligence · WI / Milwaukee

Milwaukee, WI 53221 Housing Market

The typical home value in Milwaukee 53221 is $288,779, up 3.7% over the past year. The median list price sits at $299,900, with homes spending a median of 31 days on the market as of September 2026.

Updated September 2026Median value$289K

The median home value in Milwaukee, WI 53221 is $289K as of September 2026, up 3.7% 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 53221 range

$266K to $312K

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

+3.7% over 12 months

Sep 2025$278K

Low $278KHigh $289K

Sep 2026$289K

The numbers

What is the 53221 housing market like?

As of September 2026

Typical home value

$289K

3.7%YoY

Median list price

$300K

0.4%MoM

Days on market

19.2%MoM

Homes for sale

7.0%MoM

Price cuts

20.7%

31.7%MoM

New listings

5.6%MoM

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

The outlook

53221 housing market forecast 2027

+3.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53221 to rise 3.0% by September 2027.

Over the 12 months through September 2026, typical home values in 53221 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 53221?

Zillow's forecast does not call for a drop: it expects typical home values in 53221 to rise 3.0% by September 2027, after a 3.7% 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 53221 home prices compare?

53221$288,779
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 market in 53221 shows steady activity with 61 homes for sale and 34 new listings as of September 2026. The median of 31 days on market suggests reasonable pace for the area. However, 20.7% of listings have taken a price cut, indicating some sellers are adjusting expectations. Despite the year-over-year value gain of 3.7%, current market dynamics favor buyers who can wait out negotiations.

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Home price

Down payment20% · $57,756

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Common questions

What people ask us.

What is the typical home value in 53221?

The typical home value is $288,779, up 3.7% over the past year as of September 2026.

How many homes are currently for sale in 53221?

There are 61 homes for sale as of September 2026, with 34 new listings during that period.

How long do homes typically stay on the market in 53221?

The median days on market is 31 as of September 2026.

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