Milwaukee Housing Market — May 2026

Milwaukee's market continues to expand in volume and inventory heading into summer 2026. Closed sales climbed 8.4% year-over-year in May while the median sales price rose to $250,000 — a 4.2% increase — demonstrating that even as more homes enter the market, values are holding and buyers remain engaged.

Single-family inventory grew 26.5%, giving buyers meaningful choice across Milwaukee's many distinct neighborhoods. Days on market increased slightly to 23 days, signaling a gradual shift toward balance — but with 465 closed sales in a single month, this is far from a slow market.

Wauwatosa Housing Market — May 2026

Wauwatosa's May 2026 data reveals one of the most competitive micro-markets in Southeast Wisconsin. Homes sold in just 7 days on average — unchanged from last year — while buyers paid 106% of the original list price, the highest ratio of any community in this report. That means the average Wauwatosa seller is receiving multiple offers above asking price.

While new listings and closed sales dipped year-over-year, this reflects limited supply rather than softening demand. Year-to-date median price of $415,000 is up 3.8%, confirming Wauwatosa's sustained long-term value. For buyers, this market requires speed, preparation, and a strong offer strategy.

Brookfield & Elm Grove Housing Market — May 2026

Brookfield and Elm Grove present an interesting picture in May 2026. While the monthly median price dipped slightly to $590,000, buyers are still paying 102.1% of list price and year-to-date closed sales are running 16.5% ahead of last year. This is a market where serious buyers are active and sellers who price accurately are succeeding.

Days on market increased to 24, suggesting buyers are being more deliberate — which means the homes that move quickly are the ones that are well-priced, well-presented, and marketed to the right audience from the start.

Menomonee Falls Housing Market — May 2026

Menomonee Falls delivered the region's strongest single-month closed sales performance in May 2026 with a remarkable +57.5% increase year-over-year — 74 closed sales compared to 47 in May 2025. The median price climbed to $487,500, buyers are paying over list price, and days on market held steady at 35 days.

Menomonee Falls continues to attract buyers looking for spacious homes, established neighborhoods, and value relative to the Brookfield and Elm Grove price points. This level of closed sales activity confirms that pent-up demand in the community is being released as the right homes come to market.

Waukesha Housing Market — May 2026

Waukesha City continues to deliver strong results for sellers in 2026. Homes are selling in just 11 days on average — down 31.3% from last year — while buyers are paying 104% of original list price. The median price of $408,000 represents a solid 6.0% year-over-year gain.

Year-to-date data tells an even stronger story: closed sales up 16.8% and median prices up 6.2% confirm that Waukesha is one of Southeast Wisconsin's most consistently performing markets in 2026. With year-to-date new listings up 11.2%, buyers also have more inventory to evaluate — creating a healthy market for both sides.

Oconomowoc Housing Market — May 2026

Oconomowoc's lake-country market continues to attract strong buyer demand in 2026. Year-to-date closed sales are up 20.4% and new listings have surged 23.5% — a healthy expansion of activity in both directions. The YTD median price of $550,000 reflects the premium buyers place on Oconomowoc's lifestyle, lake access, and school quality.

While May's monthly median dipped slightly year-over-year, this is consistent with natural month-to-month variation in a smaller-volume market. The broader trend — more buyers, more listings, prices holding above half a million — remains firmly positive for the Oconomowoc area.

North Shore Housing Market — May 2026

Bayside, Brown Deer, Fox Point, Glendale, Shorewood, Whitefish Bay

The North Shore produced the most dramatic single-month median price figure in this report — $580,500, up 56.2% from May 2025. While this level of monthly movement can reflect the mix of homes sold in a given month, the YTD median of $450,000 (up 8.4%) confirms sustained, genuine appreciation across Shorewood, Whitefish Bay, Fox Point, and surrounding communities.

Homes are selling in just 8 days on average — the second fastest market in the region — and buyers are paying 103.8% of list price. The North Shore remains one of Southeast Wisconsin's most in-demand markets, driven by school quality, walkability, lakefront proximity, and architectural character.

Cedarburg & Grafton Housing Market — May 2026

Cedarburg and Grafton are telling one of 2026's most compelling real estate stories in Southeast Wisconsin. The year-to-date median price of $570,020 represents +22.6% appreciation — the highest sustained price growth of any community in this report. With inventory down 29.8% and closed sales up 14.1% year-to-date, this is a tight, high-demand market.

The combination of Cedarburg's historic downtown, Ozaukee County's quality of life, and growing buyer interest from Milwaukee-area relocators is pushing values significantly higher. Sellers in this market are in a strong position, particularly with the right pricing and presentation strategy.

West Allis & West Milwaukee Housing Market — May 2026

West Allis and West Milwaukee remain among the most affordable and fastest-moving markets in Southeast Wisconsin. Despite a dip in closed sales volume, homes are selling in just 7 days and buyers are paying 105.2% of list price — clear signals that demand for this price point remains intense.

The year-to-date median price is up 8.6% to $280,000, making West Allis one of the region's stronger appreciation stories relative to its price point. For first-time buyers and investors, this community continues to offer accessible entry points combined with strong competition — a combination that rewards buyers who are ready to move quickly.