Market Intelligence Report — WI-340

Milwaukee-Waukesha, WI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WI-09
As of the latest 2026 data
Very Weak

Median Listing

$399K
+0.1% YoY

Pending Ratio

0.14
+0.7% YoY

Active Inventory

3,593
+9.9% YoY

Median DOM

37 Days
+13.9% YoY

Primary Intelligence Tool — Sold Score™

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The Milwaukee-Waukesha market is currently categorized as Very Weak, with a pending ratio of 0.14 indicating severely lagging demand absorption relative to available supply. This condition is further underscored by the notable volume of active listings, which increased by 9.9% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.2%+0.1 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.58M+0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

249+18.6% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Milwaukee-Waukesha market right now.

Active listings in the Milwaukee-Waukesha metropolitan area have expanded by 9.9% over the past year, reaching 3,593 units. Concurrently, new listings saw a decline of 6.7% compared to the prior year. The median listing price has shown minimal movement, posting a 0.1% year-over-year increase and a 0.1% month-over-month decrease. The pending ratio, though low at 0.14, registered a year-over-year increase of 0.7 percentage points from an even lower base, reflecting a marginal uptick in demand absorption despite the overall subdued environment.

Historical Analysis

Market Trends

Median Price

$399K-0.1% MoM

Active Inventory

3,593+9.9% YoY

Days on Market

37+13.9% YoY

Sold Score™

33+0.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

33
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.14 and a significant year-over-year increase in active listings, buyers currently encounter an environment characterized by limited urgency and considerable negotiating latitude. The market pace is notably decelerated, as evidenced by properties spending a median of 37 days on market. Supply levels allow for extended evaluation periods and opportunities for price discipline, placing pressure on sellers to align pricing with prevailing demand.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

3,593 active listings represent the current floor, with new supply arriving at roughly 1,528 per month.

Pricing Pressure
17.0%

of active listings carry a price reduction, +0.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.0% year-over-year.

Absorption
0.14

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Milwaukee-Waukesha, WI? Homes here are taking 5 days longer to sell than last year.

Buyers have leverage in Milwaukee-Waukesha, WI. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
14%
Median Days on Market
37 days
Inventory YoY
+10%

In a buyer's market, strategy beats timing. See how your home scores in Milwaukee-Waukesha, WI and what moves the number.

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Metro Demographics

Metro Area
Milwaukee-Waukesha, WI
CBSA Code
33340
State
WI

ZIPs in Milwaukee-Waukesha, WI

Sorted by active inventory · click a ZIP for its full report