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Madison

Why you'd want to live in Madison

Madison, the capital city of Wisconsin, is the second largest city in the state. Its downtown sits on an isthmus between lakes Mendota and Monona and is home to the University of Wisconsin-Madison. The city's five lakes make it one of the more picturesque state capitals in the country. The spring is when the outdoor Farmer's Market begins, where local farmers sell directly to consumers around the Capital Square. We love the Henry Vilas Zoo, a 28-acre public zoo with no admission fee. Kick-off the start of summer Memorial Day weekend at Brat Fest. Get on the water where you can kayak, canoe, paddleboard, fish, boat and ski. Grab a bicycle or a pair of sneakers to take the Lake Loop around Lake Monona and past the Monona Terrace for a picturesque 13-mile trip. Play golf at one of Madison’s five golf courses. Spend your evenings out on the town walking State Street for dinner, get drinks outside at the Memorial Union Terrace or to catch a performance at the Overture Center. Madison’s recreational department called MSCR, provides recreational opportunities year-round that are accessible to all ages. Past your playing days? Well then checkout the Madison Mallards at Warner Park or Forward Madison FC at historic Breese Stevens Field. Fall is about Wisconsin Badger Football and the tailgate parties on Regent Street. Explore Olbrich Botanical Gardens, sixteen stunning acres of outdoor gardens with a Thai sala and the indoor Bolz Conservatory home to butterflies and free-flying birds. When Winter hits you can find a Badger hockey or basketball game at the Kohl Center, go ice skating at The Edgewater, tour the Wisconsin State Capitol building, sled on one of nine notable sledding hills or view the Holiday Fantasy in Lights at Olin Park. Dare the cold as an ice fisherman or take part in the Polar Plunge to raise money for Wisconsin Special Olympic athletes. Regardless of the season, there are many excellent restaurants, museums, music and shopping centers, yet Madison is just minutes from the beautiful rural countryside.

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Madison Market Report

$462,172

AVERAGE PRICE OF 272 HOMES

$286,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,793,041

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$509,848

AVERAGE PRICE OF 39 NEWLY BUILT HOMES

$1,250,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$1,213,300

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $462,172
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $294,495
2 bedrooms $362,493
3 bedrooms $420,807
4 bedrooms $628,486
5 bedrooms $1,137,325
Madison Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 253 312 429 470 482
Average Price $459,540 $446,437 $435,941 $432,673 $421,402
Avg Price Change +2.94% +2.41% +0.76% +2.67% -0.07%
Median Price $363,461 $353,044 $351,058 $364,053 $362,368
Med Price Change +2.95% +0.57% -3.70% +0.46% +0.70%
Avg Bedrooms 2.87 beds 2.89 beds 2.91 beds 2.91 beds 2.91 beds
Avg Bathrooms 2.1 baths 2.08 baths 2.03 baths 2 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East 71 $478,916 50 days
Lafollette 59 $331,175 49 days
Memorial 57 $424,321 51 days
Sun Prairie East 14 $418,214 95 days
West 46 $650,641 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 272 $462,172 66 days
Distressed Homes 1 $286,000 44 days
Multi-Million Dollar Homes 14 $1,793,041 115 days
Newly Built Homes 39 $509,848 165 days
Homes with a Pool 1 $1,250,000 135 days
Reduced Price Homes 3 $1,213,300 48 days

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