In August, home prices rose slightly from the month before, with a median listing price of $239,900.
The number of listings on the market grew 6.8% from last month, which is typical for this time of the year in Milwaukee, and homes are also selling slower than at the same time last year.
Home prices in Milwaukee
Typically, home price per square foot in Milwaukee tend to rise in August. But the most recent data shows that the price per square foot decreased by 1.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Brew City are larger the national market.
Milwaukee inventory
In August, there were 940 homes for sale in Milwaukee, which was 6.8% more than the month before and 7.6% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
The number of new listings in Milwaukee was 456, which was 3.4% less than the month before and 3.6% more than the same time last year.
Nationally, the number of new listings fell by 7.5% from last month to 402,268.
Time on market
Homes in Milwaukee take an average of 31 days to sell, according to August figures.
This is one day more than the previous month and two days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Milwaukee, WI.