Milwaukee & Waukesha Housing Market Update – November 2025
If you're wondering what the housing market looks like today in the Milwaukee & Waukesha area, you're in the right place. The latest data shows important shifts - and whether you're buying, selling, or refinancing, knowing what's going on now can give you an edge.
Adam Zeman - Union Home Mortgage
NMLS #870441
📞 414-975-2654 | 📧 azeman@uhm.com
🌐 www.mkemortgage.com
Your local Wisconsin mortgage expert for buyers, sellers, and investors.
🔍 Current Market Snapshot: Milwaukee
- The median listing home price in Milwaukee was approximately $235,000 in August 2025, up ~6.9% year-over-year.
- Homes are selling in roughly 35 - 44 days on average, showing that while competition remains, the pace has slightly slowed compared to the rapid boom years. Redfin+1
- One major data point: according to Redfin, Milwaukee is "holding up better than any other major U.S. housing market" with home sales up ~12% year-over-year and prices up ~8.2%. Redfin
What this means for you
- Buyers: The market is still strong, but you'll benefit from being pre-approved and having your strategy ready.
- Sellers: You're in a good spot - pricing smart and staging well still pay dividends.
- Investors: The demand remains solid and the market resilience gives confidence.
📌 Market Snapshot: Waukesha & Southeastern Suburbs
- Waukesha County's median home values sit in a higher tier compared to the city of Milwaukee, reflecting strong demand for suburban living. Union Home Mortgage+1
- Inventory remains tighter than many expect, especially for quality homes. While some suburbs are seeing slightly more listings, demand still outpaces supply.
What this means for you
- Buyers: Expect a premium for location and condition; homes in suburbs move fast.
- Sellers: Your home may see higher relative appreciation; condition and market readiness matter more than ever.
- Investors: Suburban markets may offer more stability than urban core in certain property types.
📈 Key Trends to Watch
1. Appreciation is steady, not explosive
Price growth has moderated compared to pandemic-years, but remains positive - rather than dropping. For example, data shows ~5% to ~7% annual increases in many segments. The Luxury Playbook+1
2. Inventory and days on market shifting
Homes are still selling faster than many national markets, but the surge of multiple-offer bidding wars has cooled a bit. This gives more options - but being financially ready still counts.
3. Suburbs gaining traction
With buyers looking for value, space, and quality of life, places like Waukesha are more competitive. That means you may pay more, but appreciation and long-term stability may be stronger.
4. Financing matters
With higher rates than the "low-rate era," your loan program, down payment, and execution strategy matter more than ever. Getting pre-approved and aligned with a knowledgeable local mortgage team can make a major difference.
✅ What Buyers Should Do Right Now
- Get pre-approved early and know your realistic budget.
- Shop with intention - define what you need vs want so you can move quickly when something hits.
- Don't ignore suburbs - they may offer better value and still strong appreciation.
- Work with a local mortgage pro who knows the market and programs.
📞 Call or text 414-975-2654 or schedule a consultation to determine exactly what price range makes sense for you today.
🏠 What Sellers Should Focus On
- Price your home realistically based on current comps in your neighborhood.
- Prepare your home (staging, curb appeal, repairs) so you stand out in still-competitive market.
- Understand buyer financing realities - buyers might be more cautious now than a year ago.
- Timing and presentation matter - in a still-strong market, you want to be ready.
🔗 Internal Learning Resources
- How Much House Can I Afford in Wisconsin (2025 Update)
- FHA Loan Pre-Approval in Wisconsin - Step-by-Step Guide for 2025 Homebuyers
- DSCR Loans in Wisconsin 2025 Guide - Invest in Real Estate Without Traditional Income Proof
📞 Call me today at 414-975-2654 or schedule your consultation and let's talk about how this market impacts your goals - whether you're buying, selling, or refinancing.