Market Intelligence · WI / Milwaukee

Milwaukee, WI 53227 Housing Market

Homes in Milwaukee, WI 53227 typically sell for $293,580, up 4.6% over the past year. The median list price stands at $319,950, with homes averaging 27 days on market as of September 2026.

Updated September 2026Median value$294K

The median home value in Milwaukee, WI 53227 is $294K as of September 2026, up 4.6% 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 53227 range

$270K to $317K

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

+4.6% over 12 months

Sep 2025$281K

Low $281KHigh $294K

Sep 2026$294K

The numbers

What is the 53227 housing market like?

As of September 2026

Typical home value

$294K

4.6%YoY

Median list price

$320K

2.3%MoM

Days on market

12.5%MoM

Homes for sale

33.3%MoM

Price cuts

20.0%

50.2%MoM

New listings

28.6%MoM

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

The outlook

53227 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53227 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 53227 rose 4.6%, per the Zillow Home Value Index.

Will home prices drop in 53227?

Zillow's forecast does not call for a drop: it expects typical home values in 53227 to rise 3.1% by September 2027, after a 4.6% 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 53227 home prices compare?

53227$293,580
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

As of September 2026, 44 homes are for sale in 53227, with 20 new listings added recently. The median time to sale is 27 days. About 20.0% of listings have received a price cut, which may signal sellers adjusting to market conditions. Typical home value rose 4.6% year-over-year to $293,580. For sellers, the combination of steady appreciation and a modest inventory suggests it remains a reasonable time to list, though pricing strategy matters.

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Down payment20% · $58,716

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Common questions

What people ask us.

What is the typical home value in 53227?

The typical home value is $293,580, up 4.6% over the past year as of September 2026.

How long do homes stay on the market in 53227?

The median days on market is 27 as of September 2026.

How many homes are currently for sale in 53227?

There are 44 homes for sale as of September 2026, including 20 new listings.

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Nearby ZIP markets.

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