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Market Intelligence · WI / Waukesha County

Waukesha, WI home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$428K1-yr changeUp5.6%

The typical home value in Waukesha, WI is $428K as of September 2026, up 5.6% from a year ago, based on the Zillow Home Value Index. In the typical Waukesha ZIP code, the median list price is $494K and homes spend a median of 30 days on market as of September 2026 (Realtor.com).

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The coverage

Waukesha, by the numbers.

Typical home valueZillow ZHVI, September 2026
$428K
1-yr changeMedian across Waukesha ZIPs
+5.6%
ZIP markets live4 tracked in Waukesha
3
County
Waukesha County

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12-month value trend

+5.6% over 12 months

Typical home value in Waukesha over the last 12 months: $406K in Sep 2025 to $428K in Sep 2026 (+5.6%).

Sep 2025$406K

Sep 2026$428K

Median Zillow home value index across Waukesha's ZIP codes.

Context

The Waukesha housing market shows steady gains for sellers. The typical home value in Waukesha is $428,354, up 5.6% over the past year as of September 2026. Inventory remains limited, with 186 homes for sale and 106 new listings hitting the market in September 2026. Homes are moving at a reasonable pace, with a median of 30 days on market, and the median list price sits at $494,450. Only 13.8% of listings have taken a price cut, which suggests most sellers are pricing close to what buyers will pay. For a homeowner thinking about selling, the citywide picture points to rising values and a market where well priced homes still find buyers without deep discounts.

The numbers

What is the housing market like in Waukesha, WI?

Typical home value

$428K

Up5.6%YoY

Median list price

$494K

Days on market

30

Homes for sale

186

Price cuts

13.8%

New listings

106

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

Figures reflect Waukesha's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Waukesha, WI home prices over time

Typical home values in Waukesha, WI are up 5.6% over the past year, from $406K in September 2025 to $428K in September 2026.

Typical home value in Waukesha, WI, September of each year
MonthTypical value1-yr change
September 2026$428,354+5.6%
September 2025$405,703No prior year

Typical value is the median Zillow Home Value Index across Waukesha ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Waukesha, WI a buyer's or seller's market?

Waukesha, WI leans toward a seller's market.

Homes are selling quickly and relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 30 days on market and 14% of listings with a price cut in the typical Waukesha ZIP code, and 106 new listings against 186 active listings across Waukesha, as of September 2026 (Realtor.com).

The outlook

Waukesha housing market forecast 2027

+3.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Waukesha ZIP codes, points to typical home values rising 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in Waukesha rose 5.6%, per the Zillow Home Value Index.

Will home prices drop in Waukesha?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Waukesha shows typical home values rising 3.1% by September 2027, after a 5.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Waukesha ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Waukesha?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Waukesha ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Waukesha, WI home prices.

How much is a home in Waukesha worth?

The typical home value in Waukesha is $428,354 as of September 2026, up 5.6% over the past year. This is a citywide typical value, so your specific home may be worth more or less.

How fast are homes selling in Waukesha?

Homes in Waukesha spent a median of 30 days on market as of September 2026. Only 13.8% of listings had a price cut, indicating most homes sold near their asking price.

How much competition is there among sellers in Waukesha?

There were 186 homes for sale in Waukesha as of September 2026, with 106 new listings added that month. The median list price was $494,450.

Are home prices going up or down in Waukesha, WI?

Typical home values in Waukesha, WI are up 5.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Waukesha, WI a buyer's or seller's market?

Waukesha, WI leans toward a seller's market. Homes are selling quickly and relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 30 days on market and 14% of listings with a price cut in the typical Waukesha ZIP code, and 106 new listings against 186 active listings across Waukesha, as of September 2026 (Realtor.com).

How long do homes take to sell in Waukesha, WI?

In the typical Waukesha ZIP code, homes spend a median of 30 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

Nearby markets

More Wisconsin housing markets.

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