Is Madison, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Madison has remained a Seller's Market.

Key Takeaway

Madison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Madison, WI cost?

Median Sold Price

$370,000

$210/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

-$833(-0.2%)

Key Takeaway

The sold price of homes in Madison has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 $278.5K$258.7K
-7.1%
2 $282.5K$275K
-2.7%
3 $376.7K$369K
-2.1%
4 $474.9K$476K
0.2%
5+ $625K$510K
-18.4%

Median Sold Price Compared To Nearby Cities

Maple Bluff
+7.1%
Shorewood Hills
+1.9%
Madison
-0.2%

How many homes are available in Madison, WI?

Number of Homes For Sale

Jul 2022Aug 2022%
953830-12.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 3733
-10.8%
2 243227
-6.6%
3 447366
-18.1%
4 181164
-9.4%
5+ 4540
-11.1%

Number of Homes Sold

Jul 2022Aug 2022%
334307-8.1%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

174 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Madison, WI

Number of homes for sale in Madison, WI real estate market have reached 830. Between July 2022 and August 2022, Madison, WI real estate market has seen decrease in the number of listings by 12.9%. This housing market listing prices have changed between August 2021 and August 2022: 1 bedroom properties prices decreased by 7.1%, prices of 2 bedrooms properties decreased by 2.7%, 3 bedrooms properties prices decreased by 2.1%, prices of 4 bedrooms properties increased by 0.2%, prices of 5 bedrooms properties went down by 18.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 10.8%, 2 bedrooms homes became 6.6% less available, volume of 3 bedrooms homes went down by 18.1%, volume of 4 bedrooms homes went down by 9.4%, the quantity of 5 bedrooms homes went down by 11.1%. While more than 174 listings in Madison, WI in August 2022 were sold above asking price, there were more than 44 listings sold at asking price, and more than 89 were sold below.

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