Is South Milwaukee, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Milwaukee has remained a Seller's Market.
Housing Prices in South Milwaukee, WI
How much do homes in South Milwaukee, WI cost?
Median Sold Price
$260,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Milwaukee was $260,000 in May 2024, up 8.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $111K | N/A |
2 Bedrooms | $182.5K | $195K | +6.8% |
3 Bedrooms | $242.4K | $269.9K | +11.3% |
4 Bedrooms | $270K | $275.7K | +2.1% |
5+ Bedrooms | $297.5K | $325K | +9.2% |
Summary: South Milwaukee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
South Milwaukee | $240K | $260K | +8.3% |
Cudahy | $235K | $246.2K | +4.8% |
Housing Supply in South Milwaukee, WI
How many homes are available in South Milwaukee, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The South Milwaukee real estate market had 38 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Milwaukee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Milwaukee in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for South Milwaukee, WI
We’re sorry, we don't have information for this market at the moment