The Wisconsin Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Wisconsin

💡 Key Wisconsin housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $286,394[1]#33 of 50 states19.1% lower
Median Listing Price $379,900[2]#30 of 50 states13.1% lower
Median Sale Price $295,400[3]#34 of 50 states24.2% lower
30 Year Mortgage Rate 6.87%[4]#7 of 50 states1.5% lower
Median Days on Market 38[5]#7 of 50 states23.9% shorter
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🗺️ Buying a house in the Wisconsin real estate market

Wisconsin has an affordability score of 4.7, meaning it takes 4.7 years of the median household income ($63,293) to afford Wisconsin's median home sale price ($295,400). Because of this, we rank Wisconsin as the 12th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $295,400[6]#34 of 50 states24.2% lower
30 Year Mortgage Rate 6.87%[7]#7 of 50 states1.5% lower
Median Household Income $63,293[8]#24 of 50 states1.9% lower
Affordability Ratio 4.7#12 of 50 states22% lower
Buyers Agent Commission 2.49%[9]#10 of 50 states6.9% lower
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Resources for Wisconsin home buyers

🗺️ Selling a house in the Wisconsin real estate market

According to our detailed survey of Wisconsin real estate agents, listing agents (those representing the seller) charge an average commission in Wisconsin of 2.66%, which is the 7th lowest in the United States. Buyers' agents charge an average commission of 2.49%, which is the 10th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $379,900[10]#30 of 50 states13.1% lower
Median Sale Price $295,400[11]#34 of 50 states24.2% lower
Median Days on Market 38[12]#7 of 50 states23.9% shorter
Buyer's Agent Commission 2.49%[13]#10 of 50 states6.9% lower
Listing Agent Commission 2.66%[14]#7 of 50 states6.9% lower
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Resources for Wisconsin home sellers

Moving to Wisconsin

According to our recent moving trends survey[15], 8% of Americans indicated that they would choose to move to Wisconsin if money were no object. Likewise, 5% of survey respondents indicated that they would move to Milwaukee among a choice of America's largest cities. Among medium-sized cities, 6% indicated that they would move to Madison.

Here's how Wisconsin cities rank in a number of our research studies.

StudyBest Wisconsin cityRank
Best Pizza Cities[16]Milwaukee25th best
Best Coffee Cities[17]Milwaukee18th best
Best LGBTQ Cities[18]Milwaukee15th best
Best Bike Cities[19]Milwaukee12th best
Best Commuter Cities[20]Milwaukee6th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated February 29, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated February 2024.
[4] Bankrate – "Bankrate". Updated April 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated February 2024.
[7] Bankrate – "Bankrate". Updated April 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated February 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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