The Madison housing market is very competitive. Homes in Madison receive 11 offers on average and sell in around 37 days. The median sale price of a home in Madison was $405K last month, up 8.0% since last year. The median sale price per square foot in Madison is $245, up 7.9% since last year.
In March 2024, Madison home prices were up 8.0% compared to last year, selling for a median price of $405K. On average, homes in Madison sell after 37 days on the market compared to 40 days last year. There were 193 homes sold in March this year, down from 228 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$405,000
+8.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Madison, WI
$405,000
+8.0%
United States
To compare other locations to the Madison and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Madison's median sale price is 1% higher than the national average. Overall cost of living in Madison is 4% higher than the national average. Learn which home features in Madison add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Madison housing market?
Madison is very competitive. Homes sell in 37 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 37 days.
Hot homes
can sell for about 7% above list price and go pending in around 15 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Madison
Explore recent offers and recently sold homes in Madison
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$300K Offer
Sold for $375K
3bd | 1ba | ~1,250sqft
Over List Price
0%
Days on Market
5
Competing Offers
15
Down Payment
—
Andy Kramer
Madison Redfin Agent
Offer above asking price with most contingencies waived. Quick closing.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Madison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Madison.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Madison has a moderate risk of flooding. 6,480 properties in Madison are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Madison. Flood risk is increasing slower than the national average.
20% of properties are at risk of wildfire over the next 30 years
Fire Factor
Madison has a moderate risk of wildfire. There are 13,142 properties in Madison that have some risk of being affected by wildfire over the next 30 years. This represents 20% of all properties in Madison.