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Milwaukee, WI 53216 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Milwaukee, WI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.27
ActiveActive listings: 3333PendingPending sales: 99
Milwaukee, WI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $150k$150kSoldMedian sold price (last 6 months): $155k$155k
What homes actually sell for in Milwaukee, WI
Distribution of 227 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $115k to $215k
$53k to $86k: 15 sales$53k$86k to $118k: 32 sales$118k to $151k: 54 sales54sales$118k$151k to $184k: 31 sales$184k to $217k: 30 sales$184k$217k to $250k: 24 sales$250k to $282k: 12 sales$250k$282k to $315k: 6 salesMedian $155k

What the numbers say

As of September 14, 2026, Resideline is tracking 33 active listings and 9 pending sales in ZIP code 53216. That pending-to-active ratio of 0.27 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $149,900, while the median of the 227 closed sales Resideline tracked over the last six months was $155,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 53216 for 62 days.

Frequently asked questions

What is the median home price in 53216?

The median closed sale price in Milwaukee, WI 53216 was $155,000 over the last six months, based on 227 closed sales tracked by Resideline. The middle half of those sales ranged from $115,000 to $215,000.

Is 53216 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 33 active listings in 53216, a pending-to-active ratio of 0.27. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 53216 currently looks like a balanced market.

Nearby ZIP code market data

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