Milwaukee-Waukesha Market Update – Mortgage Rates, Home Prices & What Buyers & Sellers Should Do (November 2025)
If you're active in the housing market in the Milwaukee-Waukesha area - whether buying, selling, or refinancing - the current market dynamics matter more than ever. I'm Adam Zeman with Union Home Mortgage (NMLS #870441), and I'm here to break down what's happening right now and what you should do about it.
Talk to me for a custom strategy:
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
📧 Email: azeman@uhm.com
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 Chat 24/7 with my assistant: Wisconsin Real Estate & Mortgage Expert
1. Current Mortgage Rate Snapshot
- The average 30-year fixed mortgage rate in Wisconsin is approximately 6.4% as of mid-November 2025.
- While slightly higher than a few years ago, this rate still allows for meaningful buying power - particularly when paired with strong credit and strategic down payment options.
- If you're looking to refinance, your loan program, credit profile, and loan-to-value all matter more than ever in this environment.
2. Home Price and Inventory Trends in Milwaukee & Waukesha
- In Milwaukee, the median listing home price is hovering around $235,000, up roughly 6-7% year-over-year. Union Home Mortgage
- In Waukesha County and suburban communities, inventory remains tighter, and competition for quality homes is still strong. Union Home Mortgage
- While housing price growth has moderated compared to the pandemic boom, it is still positive - so buyers should expect movement, and sellers should not assume values are shrinking.
3. What This Means for Buyers
- Get pre-approved early. With elevated rates, knowing your budget ahead of time is critical.
- Focus on value, not just listing price. Monthly payment and total cost matter more than ever.
- Consider suburban options - homes in Waukesha, Brookfield, or even farther out may offer better value.
- Don't wait for a "better" rate - if you're ready, lock in your base numbers now. Fluctuations can go either way.
4. What This Means for Sellers
- Your home still has strong value - but condition matters. Staged, well-prepared homes will win in today's market.
- Price realistically based on your neighborhood and recent comps - not on 2021 highs.
- If you're also buying your next home, coordinate your sale + purchase + financing to avoid timing gaps.
5. Refinancing in This Market: What to Watch
- If you have a high-rate loan (e.g., 7%+), refinancing may still make sense - even at ~6.4% - if you meet the costs and terms.
- Equity position matters: The more built-in value you have, the more flexibility you enjoy.
- Explore alternate loan types: 15-year, 20-year, adjustable rate - make the structure work for your goals, not just the rate.
Your Action Plan
- If buying, get pre-approved and define your budget and timeline clearly.
- If selling, connect with a local Realtor and lender team (that's us) early - so you know pricing, timing, and financing implications.
- If refinancing, schedule a rate & term review with us now. We'll check your current loan, estimate savings, and identify whether it's the right move.
Let's Talk Right Now
Whether you're buying your first home, selling and upgrading, or refinancing to a better loan - let's connect and build a plan tailored for you:
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
📧 Email: azeman@uhm.com
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 Chat instantly with: Wisconsin Real Estate & Mortgage Expert