In September, home prices fell slightly from the month before, with a median listing price of $239,450.
The number of listings on the market grew 6.8% from last month, which is a bigger increase than normal 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 fall in September. And the most recent data shows that the price per square foot decreased by 0.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Brew City are smaller the national market.
Milwaukee inventory
In September, there were 1,004 homes for sale in Milwaukee, which was 6.8% more than the month before and 16.9% more than the same time last year.
Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407.
Time on market
Homes in Milwaukee take an average of 32 days to sell, according to September 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 62 days on the market in September.
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.