Milwaukee, WI 53222 Real Estate Market Report
ZIP Code: 53222
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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 the 53222 area are 6.34% compared to the 5.99% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of market value is the median sold price: 259,900, which points to realized transaction levels below asking expectations given the median listing price: 287,450 — this pricing gap suggests pricing friction between sellers and buyers rather than uniform upward repricing.
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Market velocity appears slow relative to typical hot markets: the median days on market: 211 indicates prolonged marketing times and may indicate slower sales velocity despite other positive signals.
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Market-wide appreciation signals remain positive: the price year-over-year trend: up and the market temperature: hot together suggest continued upward pressure on values, although persistent listing/sold price dispersion may temper near-term gains; treat this as ongoing seller-strength but watch for cooling if friction persists.
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Financing and rental context is mixed: interest rate pressure: moderate may constrain some buyers (moderate), while rents are trending upward with a median market rent: 1,300 and rent year-over-year trend: up, supporting investor demand but not assuring immediate transaction volume.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Milwaukee, WI 53222 Real Estate Market Report
ZIP Code: 53222
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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.
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.
Rental Market
Property Taxes
Liquidity & Velocity
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 the 53222 area are 6.34% compared to the 5.99% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of market value and recent transaction activity is the median sold price of 113,950, which, combined with a hot market temperature and a price year-over-year trend of up, suggests continuing upward price pressure on closed SFR and condominium sales in 53222.
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The market shows relatively slow sales velocity with a median days on market of 246, which may indicate pricing friction or longer negotiation windows even as final sale prices remain elevated compared with prior periods.
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Valuation context is supported by a median price per square foot of 107 alongside a median market rent of 1,795 and a rent year-over-year trend of up, signaling strengthening rental fundamentals that may support investor interest while also keeping upward pressure on buyer affordability.
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Interest-rate dynamics are a moderating factor: interest rate pressure is labeled moderate and the area’s mortgage environment notes that Current 30-year fixed mortgage rates in the 53222 area are 6.34% compared to the 5.99% average observed earlier in 2026, which may slow some buyer urgency and extend time-to-contract.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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