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    Madison

    Why you'd want to live in Madison

    Madison, the capital city of Wisconsin, lies west of Milwaukee. It’s known for the domed Wisconsin State Capitol, which sits on an isthmus between lakes Mendota and Monona. The Wisconsin Historical Museum documents the state’s immigrant and farming history. The city's paved Capital City State Trail runs past Monona Terrace, a lakefront convention center designed by Frank Lloyd Wright.

    Madison Market Report

    $458,264

    AVERAGE PRICE OF 426 HOMES

    $1,748,849

    AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

    $510,300

    AVERAGE PRICE OF 27 NEWLY BUILT HOMES

    $719,000

    AVERAGE PRICE OF 5 HOMES WITH A POOL

    $514,700

    AVERAGE PRICE OF 4 REDUCED PRICE HOMES

    Average Home

    Average Price $458,264
    Avg Bedrooms 2.91 beds
    Avg Bathrooms 2.09 baths

    Average Price by Bedrooms

    1 bedroom $353,354
    2 bedrooms $358,959
    3 bedrooms $410,216
    4 bedrooms $578,590
    5 bedrooms $1,259,179
    Madison Home Price Trends
      5/2023 4/2023 3/2023 2/2023 1/2023
    Total Listings 418 372 290 288 258
    Average Price $458,335 $466,626 $469,849 $454,237 $456,731
    Avg Price Change -1.81% -0.69% +3.44% -0.55% +2.62%
    Median Price $381,079 $383,662 $380,560 $365,951 $361,621
    Med Price Change -0.68% +0.82% +3.99% +1.20% +2.44%
    Avg Bedrooms 2.92 beds 2.89 beds 2.87 beds 2.82 beds 2.86 beds
    Avg Bathrooms 2.13 baths 2.13 baths 2.11 baths 2.08 baths 2.1 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    East 81 $440,456 29 days
    Lafollette 98 $349,579 34 days
    Memorial 124 $441,750 33 days
    Sun Prairie East 15 $364,086 50 days
    West 75 $598,595 60 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 426 $458,264 44 days
    Multi-Million Dollar Homes 16 $1,748,849 114 days
    Newly Built Homes 27 $510,300 189 days
    Homes with a Pool 5 $719,000 43 days
    Reduced Price Homes 4 $514,700 37 days
    This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright (or ©) 2023 South Central Wisconsin MLS Corporation. All rights reserved 2023.

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