Milwaukee housing market holds middle ground

The average cost of a 2,200-square-foot, four-bedroom home in the Milwaukee area is $324,750, according to Coldwell Banker’s annual home price comparison index, which was released recently.

The Milwaukee home market is the most expensive in the state of Wisconsin and ranks 162nd out of 317 housing markets in the nation. In general, according to the index, the Milwaukee housing market is more expensive than most markets in the South and the Midwest, but is less expensive than most markets on the coasts.

The cost of a 2,200-square-foot four-bedroom home in the Milwaukee area is more expensive than a similar home in Houston ($169,736), Indianapolis ($200,343), Cleveland ($213,833), St. Louis ($225,875), Kansas City ($238,875), Detroit ($248,750), Cincinnati ($250,530), Charlotte ($258,780), Pittsburgh ($263,964), Dallas ($302,198), New Orleans ($310,000), Phoenix ($320,000) and Atlanta ($324,000). However, such a home in Milwaukee is less expensive than a similar home in San Francisco ($1.45 million), Washington DC ($808,500), Chicago ($732,333), Miami ($638,333), San Diego ($618,750), Baltimore ($556,000), Seattle ($555,839), Philadelphia ($515,225), Minneapolis ($415,767), Denver ($400,000) and Las Vegas ($362,000). To compare home prices in different markets using the Coldwell Banker online calculator, visit hpci.coldwellbanker.com.

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