Market Intelligence · WI / Milwaukee

Milwaukee, WI 53224 Housing Market

Homes in Milwaukee 53224 are worth a typical $242,243, up 3.9% over the past year. The median list price sits at $257,500, with homes spending 40 days on the market as of September 2026.

Updated September 2026Median value$242K

The median home value in Milwaukee, WI 53224 is $242K as of September 2026, up 3.9% 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 53224 range

$223K to $262K

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

+3.9% over 12 months

Sep 2025$233K

Low $233KHigh $242K

Sep 2026$242K

The numbers

What is the 53224 housing market like?

As of September 2026

Typical home value

$242K

3.9%YoY

Median list price

$258K

1.9%MoM

Days on market

14.3%MoM

Homes for sale

2.3%MoM

Price cuts

17.8%

55.5%MoM

New listings

100.0%MoM

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

The outlook

53224 housing market forecast 2027

+3.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53224 to rise 3.3% by September 2027.

Over the 12 months through September 2026, typical home values in 53224 rose 3.9%, per the Zillow Home Value Index.

Will home prices drop in 53224?

Zillow's forecast does not call for a drop: it expects typical home values in 53224 to rise 3.3% by September 2027, after a 3.9% 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 53224 home prices compare?

53224$242,243
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 53224 ZIP has 45 homes for sale, with 16 new listings added recently. At 40 days median time on market, homes are taking a moderate amount of time to move. Price cuts appear on 17.8% of listings, suggesting some sellers are adjusting expectations. Despite the year-over-year appreciation of 3.9%, the market shows signs of softness. Sellers should price strategically and be ready to negotiate.

Monthly payment

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Home price

Down payment20% · $48,449

Term

Rate (%)

Common questions

What people ask us.

What is a typical home worth in 53224?

The typical home value is $242,243 as of September 2026, up 3.9% from the prior year.

How long do homes stay on the market in 53224?

The median days on market is 40 as of September 2026.

What is the median list price in 53224?

The median list price is $257,500 as of September 2026.

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Nearby ZIP markets.

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