Milwaukee County, WI Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it a good time to sell a house in Wisconsin? ›

Best Time to Sell Your House for a Higher Price

June, July, and August are the best months to sell your house in Wisconsin. The median sale price of houses in June 2023 was $307,200, which is expected to rise in 2024. However, cities like Marshfield and Onalaska follow an upward trend throughout the year.

It's legal to sell a house by owner in Wisconsin, but state law makes advertising FSBO listings more challenging than in other states. If you're planning to sell to someone you already know, as many FSBO sellers do, that's not a problem and you save a listing agent's commission.

Real estate investing may be quite profitable, particularly in thriving cities with strong population growth like Milwaukee. Reputable for its unique neighborhoods, steady economy, and array of investment prospects, Milwaukee provides astute investors with a number of choices.

So, How is the Real Estate Market in Wisconsin? Swell! Home values in Wisconsin rose by 49.2% in the last 5 years. Home sales increased by 5.5% in January 2024 YoY despite the mortgage rate climbing to 7.28%!

Nationally, the best time to sell a house is March if you're trying to sell quickly, while the best time to maximize profit is July. Zillow recommends listing your home for sale in March, but no later than Labor Day, based on historical market trends.

It is highly recommended that both buyers and sellers have a lawyer during FSBO real estate transactions.

Whether you're a buyer or seller, you need your own legal advisor who will look out for your interests. Because the buyer's and seller's interests differ, it's not a good idea for both parties to use the same attorney. In time of chaotic real estate markets an attorney's assistance is especially important.

Wis. Stat. § 452.03 prohibits the sale, rental, or negotiation of real estate without a Wisconsin real estate license.

Is Milwaukee a buyers or sellers market? ›

Milwaukee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

In June 2024, Milwaukee home prices were up 9.4% compared to last year, selling for a median price of $219K. On average, homes in Milwaukee sell after 36 days on the market compared to 38 days last year. There were 518 homes sold in June this year, down from 534 last year.

Marinette

With rental costs below the national average, Marinette stands as one of the most affordable cities to live in Wisconsin. The house rent price is between $688 – $999. Marinette offers a vibrant cultural scene with activities including ballet, opera, drama, choral societies, art galleries, and museums.

The Wisconsin housing market isn't that competitive. The median home sales price in June 2024 has increased in the past 3 months to $332,100. That's up 8.1% and $24,900 higher than June 2023 of last year.

Some of the best places to live in Wisconsin include Madison, Green Bay, Eau Claire, and La Crosse.

In addition to capital gains taxes, you may need to pay other taxes when selling your houses in Wisconsin, such as property taxes and closing costs. Property taxes are a tax that you pay on the value of your property, and they're typically prorated based on the date of sale.

Spring is the traditionally said to be the best time to sell your house. But don't take this as gospel because there are a number of factors at play, such as the type of property being sold. You'll notice we've highlighted March as the best time to launch your sale if you need to sell your house fast.

The months from March to June are the best time to buy a house in Wisconsin. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Real estate experts predict a continued housing shortage, and because they expect high buyer demand to keep pushing home prices up, 2024 may be an ideal time to sell. Experts also anticipate a leveling out of 2023's elevated mortgage rates, expecting rates to eventually settle around 6% – 7% in the spring.