Building Costs Per Square Foot in the City of Milwaukee (WI), USA

Residential Construction Market Analysis in the City of Milwaukee (WI), USA

Newly Built House in Milwaukee 2215 North   Lake Drive WI53202 – 5 Bedrooms and 4 Baths   with 2 Attached Garages on Gross Floor Area   4,896 sqft – Built in 1906 – Price $995,000

Newly Renovated House in Milwaukee 2215 North
Lake Drive WI53202 – 5 Bedrooms and 4 Baths
with 2 Attached Garages on Gross Floor Area
4,896 sqft – Built in 1906 – Price $995,000

Building costs are 6% above the national average in the City of Milwaukee in Wisconsin. Get ready to learn everything you need to know about the real estate market in Milwaukee, Wisconsin. This city is known for its breweries, but despite that, it has several perfect residential neighborhoods for families.

It is a city surrounded by nature, with lakes, rivers, and trees everywhere. Even if you are in the heart of the city you will have a park nearby to visit and get in touch with nature. So we recommend that you give this city a chance. For that reason, we have prepared an article with all the information you need to learn more about its real estate market.

Milwaukee (WI) Construction Outlook

The construction outlook of Milwaukee is quite varied and diverse. In part, this is because in recent years different investors have invested more than $100 million in the city’s real estate market, making constructions of all kinds. From modern and luxury buildings to condo/co-op properties everywhere, you can find it all in Milwaukee.

It is one of the fastest-growing cities in the Midwest, so on the outskirts of the financial district, you can find residential properties that are the typical single-family homes. This means houses with 3 or 4 rooms with a garage and a small garden. These houses are a success, especially because they are just minutes from the city center but have a more relaxed lifestyle.

Manufactured homes are often avoided as there are some typical Midwest fall, spring, and winter storms that affect Milwaukee as well. For that reason, brick-and-mortar property construction is preferred.

Milwaukee (WI) Housing Market Analysis and Forecast

Milwaukee is one of the cities that is attracting a greater number of real estate investors, which means that its market has remained quite stable even during the 2020 crisis that it felt very strong in other states.

This year its growth was stable and without high or low peaks. Property values ​​have risen 5% this year, and are expected to grow 10% by October of next year. The months where high peaks can be expected with percentages that touch the 15% increase in values ​​compared to the same period of the previous year are the summer months, so if you want to sell a property in Milwaukee then that is the right time.

Properties take an average of 47 days to sell. This may seem like a long time but it is a number that has been going down year after year, and it is expected that during 2023 it will reach only 40 days. Again, during the summer months, properties sell faster, it is expected that in January 2023 it will reach an average of 50 days.

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