Market Intelligence · WI / Milwaukee

Milwaukee, WI 53228 Housing Market

The typical home value in Milwaukee, WI 53228 is $362,734, up 4.6% over the past year. Sellers are listing at a median of $379,900, and homes are moving at a median of 23 days on market.

Updated August 2026Median value$363K

The median home value in Milwaukee, WI 53228 is $363K as of August 2026, up 4.6% 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 53228 range

$334K to $392K

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

Typical home value in 53228 over the last 12 months: $347K in Aug 2025 to $363K in Aug 2026 (+4.6%).

Aug 2025$347K

Aug 2026$363K

The numbers

What is the 53228 housing market like?

Typical home value

$363K

Up4.6%YoY

Median list price

$380K

Up4.1%MoM

Days on market

23

Down34.3%MoM

Homes for sale

22

Up15.8%MoM

Price cuts

31.6%

Up51.4%MoM

New listings

12

Flat0.0%MoM

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

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The comparison

How do 53228 home prices compare?

  • 53228$362,734
  • 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

Milwaukee's 53228 ZIP has 22 homes for sale as of 2026-08-01, with 12 new listings added. The median list price sits at $379,900, while the typical home value is $362,734, up 4.6% over the past year. Homes are selling at a median of 23 days on market, which points to steady demand. Still, 31.6% of listings have taken a price cut, so some sellers are starting too high. For a seller, the takeaway is simple: the market is active, but realistic pricing matters.

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