Area home prices rose 14.3% in April
Houses spent fewer days on the market around Milwaukee
A typical Milwaukee County home listed for $199,900 in April, up 14.3% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in April was up about 9.9% from April 2021. Milwaukee County’s median home was 1,438 square feet for a listed price of $145 per square foot.
The Milwaukee County market was busy, with a median 34 days on market. A month earlier, homes had a median 37 days on market. The market added 868 new home listings in April, compared with the 928 added in April 2021. The market ended the month with some 495 listings of homes for sale.
What were Milwaukee-area home prices in April? Here’s a county-by-county breakdown
Waukesha County’s home prices rose 0.8%, to a median $519,900, from a month earlier. The typical house was on the market for 37 days, from 46 days a month earlier. The typical 2,001-square-foot house had a list price of $250 per square foot.
Washington County’s home prices fell 8.3%, to a median $444,900, from a month earlier. The typical house was on the market for 31 days, from 43 days a month earlier. The typical 1,934-square-foot house had a list price of $241 per square foot.
Ozaukee County’s home prices fell 1.5%, to a median $475,000, from a month earlier. The typical house was on the market for 37 days, from 47 days a month earlier. The typical 2,000-square-foot house had a list price of $224 per square foot.
Racine County’s home prices fell 15.6%, to a median $289,000, from a month earlier. The typical house was on the market for 31 days, from 39 days a month earlier. The typical 1,700-square-foot house had a list price of $170 per square foot.
Walworth County’s home prices rose 9.1%, to a median $418,190, from a month earlier. The typical house was on the market for 38 days, from 46 days a month earlier. The typical 1,762-square-foot house had a list price of $242 per square foot.
How Milwaukee home prices compare to rest of Wisconsin and the country
Across metro Milwaukee, median home prices rose to $334,900, up 13.5% from a month earlier. The median home had 1,691 square feet, at a list price of $185 per square foot.
Across all of Wisconsin, median home prices were $344,900, rising 4% from a month earlier. The median Wisconsin home for sale had 1,790 square feet at a list price of $184 per square foot.
Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.
Across metro Milwaukee, median home prices rose to $334,900, up 13.5% from a month earlier. The median home had 1,691 square feet, at a list price of $185 per square foot.