Madison, WI Home Values & Market Trends
Real estate market trends reflect that there have been 2,261 transactions over the past year in Madison. The median value for residential home transactions that occurred over the previous year is $401,741.38. The number of current listings in Madison is 102, and the percentage of properties for sale in the city is 102.00%. Madison, WI currently has 5 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 102 properties for sale.
Madison, WI Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 53711 | $ 606,865 $ 258/sqft | 53703 | $ 590,100 $ 313/sqft |
| 53704 | $ 359,000 $ 215/sqft | 53713 | $ 249,909 $ 206/sqft |
| 53718 | $ 443,750 $ 182/sqft | 53717 | $ 366,750 $ 226/sqft |
| 53705 | $ 554,500 $ 283/sqft | 53783 | $ -- $ -- |
| 53719 | $ 454,250 $ 224/sqft | 53792 | $ -- $ -- |
| 53714 | $ 293,250 $ 239/sqft | 53706 | $ -- $ -- |
| 53716 | $ 412,064 $ 192/sqft | 53726 | $ -- $ -- |
| 53715 | $ 426,400 $ 320/sqft |
Housing Market Summary for Madison, WI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $419.9K | $410.3K | -2.29% |
| Median Sold Price | $370.1K | $410.3K | 10.84% |
| Homes For Sale | 113 | 104 | -7.96% |
| Homes Sold | 1,232 | 1,258 | 2.11% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Madison, WI
Browse Homes in Madison, WI
Madison home values range from $27,691 to $7,035,611. The median estimated value of a home in Madison is $401,741.38. The median list price of a home is 450,000, and the total count of properties in the city is 55,918.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Madison, WI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 15 zips within Madison, WI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Madison, WI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Madison, WI. There are 15 zips within Madison, WI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions53715 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Madison, WI. Auction homes and other auction properties account for 0.01% of all properties in Madison, WI. There are 15 zips within Madison, WI; of those zips, the median estimated home value for homes going to auction ranges from $462,800 in 53715 to the lowest value of $308,000 in 53715.
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Guide for Madison, WI
In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Milwaukee’s real estate market has shown growth with increasing property values and sold prices in the past year. However, the market contrasts with wealthier neighboring cities with higher average sold prices.
Wisconsin Foreclosure Laws