Waukesha, WI 53188 Real Estate Market Report

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

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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. $364,000 median sold price is the primary indicator of recent market value in ZIP 53188 and points to realized transaction levels that are notably below asking expectations given the $480,000 median listing price, suggesting a meaningful gap between seller expectations and final sale outcomes; hot market temperature and an up price year-over-year trend support continued upward pressure on valuations.
2. The market exhibits slower apparent sales velocity as shown by a median days on market of 273, which may indicate pricing friction or longer negotiation timelines even while the market temperature is hot, so sellers should be prepared for extended marketing periods despite strong buyer interest.
3. Liquidity context appears mixed: elevated listing-to-sale pricing spread combined with a median price per square foot of 232 suggests buyers are selectively paying for condition and location, so pricing that aligns with recent sold transactions (the median sold price) will likely produce the most predictable outcomes.
4. Rental dynamics are supportive of investor interest with a median market rent of $1,595 and an up rent year-over-year trend, while moderate interest rate pressure may temper investor purchase power; under these conditions, focus on properties where rent levels and recent sold prices align to preserve cash-flow resilience.

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.