Milwaukee, WI 53222 Real Estate Market Report

ZIP Code: 53222
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Milwaukee, WI (ZIP: 53222) is $249,900, reflecting a robust market with steady price appreciation. This indicates strong buyer demand, even as inventory levels are gradually increasing. The market has shown resilience, with prices trending up year-over-year, suggesting that buyers are willing to engage at higher price points despite the rising inventory. The median listing price stands at $234,450, which may indicate some pricing friction as sellers adjust expectations to align with market realities.

Transaction velocity appears to be slower, with properties remaining on the market for a median of 224 days. This extended time frame may suggest a shift in buyer sentiment, as they find more opportunities and leverage in a market that, while still classified as hot, is showing signs of moderation. The current market temperature is characterized as hot, but the increase in inventory could lead to a more balanced environment in the near future, allowing buyers to negotiate more favorable terms.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Milwaukee are averaging 6.38%, which is 0.75% higher than the average rates seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $249,900 indicates a strong market with ongoing price appreciation, reflecting persistent buyer demand.

2. With a median listing price of $234,450, there appears to be some pricing friction as sellers adjust to market conditions.

3. Properties are taking a median of 224 days on market, suggesting a slower sales velocity and potential buyer leverage.

4. The market temperature is classified as hot, indicating strong buyer interest despite increasing inventory levels.

5. Rental demand remains strong with a median market rent of $1,374, although increased vacancy rates may create a more renter-friendly environment.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.