Market Intelligence · WI / Milwaukee

Milwaukee, WI 53223 Housing Market

Homes in Milwaukee 53223 have a typical value of $230,396, up 4.7% over the past year. The median list price sits at $218,000, with homes taking 36 days on market as of September 2026.

Updated September 2026Median value$230K

The median home value in Milwaukee, WI 53223 is $230K as of September 2026, up 4.7% 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 53223 range

$212K to $249K

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

+4.7% over 12 months

Sep 2025$220K

Low $220KHigh $230K

Sep 2026$230K

The numbers

What is the 53223 housing market like?

As of September 2026

Typical home value

$230K

4.7%YoY

Median list price

$218K

4.1%MoM

Days on market

9.1%MoM

Homes for sale

4.3%MoM

Price cuts

17.4%

52.3%MoM

New listings

33.3%MoM

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

The outlook

53223 housing market forecast 2027

+3.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53223 to rise 3.3% by September 2027.

Over the 12 months through September 2026, typical home values in 53223 rose 4.7%, per the Zillow Home Value Index.

Will home prices drop in 53223?

Zillow's forecast does not call for a drop: it expects typical home values in 53223 to rise 3.3% by September 2027, after a 4.7% 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 53223 home prices compare?

53223$230,396
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 53223 shows steady activity. There are 72 homes for sale and 32 new listings as of September 2026. The median time on market of 36 days suggests homes are moving at a moderate pace. However, 17.4% of listings carry a price cut, indicating some sellers are adjusting expectations. For homeowners considering a sale, the year-over-year appreciation is a positive signal, but the price-cut share suggests competition is real and pricing strategy matters.

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Down payment20% · $46,079

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Common questions

What people ask us.

What is the typical home value in 53223?

The typical home value is $230,396 as of September 2026, up 4.7% over the past year.

How many homes are currently for sale in 53223?

There are 72 homes for sale as of September 2026, with 32 new listings in that same period.

How long do homes typically stay on the market in 53223?

The median days on market is 36 as of September 2026.

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