South Milwaukee, Wisconsin, is a vibrant city nestled along the shores of Lake Michigan, just 10 miles south of downtown Milwaukee, with a population of approximately 20,000. Known for its rich industrial history and strong community spirit, the city offers a mix of urban conveniences and small-town charm. Residents and visitors enjoy Grant Park, part of the Milwaukee County Parks system, which features scenic trails, a golf course, and stunning lakefront views. South Milwaukee’s downtown area is home to local shops, restaurants, and historic landmarks like the South Milwaukee Public Library. With affordable housing, excellent schools, and easy access to Milwaukee’s cultural and economic hubs, South Milwaukee is a welcoming destination for families and professionals seeking a balanced lifestyle.
South Milwaukee currently has 13 single family homes for sale with an average list price of $303,023.08 and 2 condos for sale with an average list price of $337,500. The average annual property tax for South Milwaukee is $4,118.89.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in South Milwaukee, i.e. what's hot and what's not.
See What's Hot & What's Not in South MilwaukeeSouth Milwaukee home sales for the month of September decreased in volume by 23.1% when compared to last year, while the median sale price rose by 25.2% from $270,000 to $338,000. House sales decreased by 18.2%, while the median sale price rose by 35.2% from $270,000 to $365,000. Condo sales decreased by 50%, while the median sale price decreased by 38.6% from $268,750 to $165,000.
267
|
189
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166
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139
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$221,000
|
$230,000
|
$259,000
|
$272,400
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.