Market Intelligence · WI / Milwaukee

Milwaukee, WI 53228 Housing Market

Homes in Milwaukee's 53228 ZIP are worth a typical $356,504, up 4.7% over the past year. The median list price sits at $349,675, with homes spending a median of 29 days on market as of September 2026.

Updated September 2026Median value$357K

The median home value in Milwaukee, WI 53228 is $357K 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 53228 range

$328K to $385K

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$340K

Low $340KHigh $357K

Sep 2026$357K

The numbers

What is the 53228 housing market like?

As of September 2026

Typical home value

$357K

4.7%YoY

Median list price

$350K

8.0%MoM

Days on market

26.1%MoM

Homes for sale

13.6%MoM

Price cuts

20.3%

35.6%MoM

New listings

0.0%MoM

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

The outlook

53228 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53228 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 53228 rose 4.7%, per the Zillow Home Value Index.

Will home prices drop in 53228?

Zillow's forecast does not call for a drop: it expects typical home values in 53228 to rise 3.1% 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 53228 home prices compare?

53228$356,504
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 53228 market shows steady demand with 12 new listings in September 2026 and 25 homes currently for sale. However, 20.3% of listings have seen price cuts, suggesting some sellers are testing the market before landing on the right price. At 29 days median time on market, homes are moving at a moderate pace. The recent 4.7% value appreciation over the past year reflects underlying stability in the area. For sellers, patience and realistic pricing remain key to a smooth sale.

Monthly payment

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Home price

Down payment20% · $71,301

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Common questions

What people ask us.

What is the typical home value in 53228?

The typical home value in 53228 is $356,504, up 4.7% over the past year as of September 2026.

How long do homes typically stay on the market in 53228?

Homes in 53228 spend a median of 29 days on market, according to September 2026 data.

How many homes are currently for sale in 53228?

There are 25 homes for sale in 53228 as of September 2026, with 12 new listings in that month.

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Nearby ZIP markets.

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