In October, home prices fell moderately from the month before, with a median listing price of $237,050.
The number of listings on the market grew 2.0% from last month, which is typical for this time of the year in Milwaukee, and homes are also selling close to the same pace as the same time last year.
Home prices in Milwaukee
Typically, home price per square foot in Milwaukee tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.3% 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 October, there were 1,024 homes for sale in Milwaukee, which was 2.0% more than the month before and 12.3% more than the same time last year.
Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.
Time on market
Homes in Milwaukee take an average of 31 days to sell, according to October figures.
This is one day less than the previous month and one day more than the same month last year.
For comparison, nationally homes spent an average of 63 days on the market in October.
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.