Market Intelligence · WI / Milwaukee

Milwaukee, WI 53233 Housing Market

Homes in Milwaukee's 53233 ZIP are worth a typical $186,877, down 2.6% over the past year. The median list price sits at $138,700, with homes taking 129 days on market as of September 2026.

Updated September 2026Median value$187K

The median home value in Milwaukee, WI 53233 is $187K as of September 2026, down 2.6% 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 53233 range

$172K to $202K

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

-2.6% over 12 months

Sep 2025$192K

Low $183KHigh $192K

Sep 2026$187K

The numbers

What is the 53233 housing market like?

As of September 2026

Typical home value

$187K

2.6%YoY

Median list price

$139K

3.5%MoM

Days on market

129

22.9%MoM

Homes for sale

0.0%MoM

Price cuts

0.0%

New listings

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

The outlook

53233 housing market forecast 2027

+3.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53233 to rise 3.0% by September 2027.

Over the 12 months through September 2026, typical home values in 53233 fell 2.6%, per the Zillow Home Value Index.

Will home prices drop in 53233?

Zillow's forecast does not call for a drop: it expects typical home values in 53233 to rise 3.0% by September 2027, after a 2.6% decline 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 53233 home prices compare?

53233$186,877
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 gap between typical home value and median list price suggests listings are priced below where homes actually appraise. With just 2 homes for sale in this ZIP code, the market is extremely thin. Homes are spending 129 days on market, indicating slower movement for available inventory. No listings have seen price reductions, which is notable given the year-over-year decline in home values. For sellers, the sparse inventory and extended time on market signal caution about local demand.

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Down payment20% · $37,375

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Common questions

What people ask us.

What is a typical home worth in 53233?

The typical home value is $186,877 as of September 2026, down 2.6% from the year prior.

How long do homes take to sell in this ZIP?

As of September 2026, the median days on market is 129.

What are homes listed for in 53233?

The median list price is $138,700 as of September 2026.

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