Madison - WI housing market
The Madison metro has a typical home value of $452,769, up 2.7% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($452,769) is the Zillow Home Value Index for the Madison - WI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.7% over the past year. In Madison - WI, that means a home worth $440,866 last year is now worth roughly $452,769.
The median sale price , what homes actually close for , is $416,171. Homes are selling at 101.3% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Madison - WI sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.
About 13.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 804 new listings hit the market each month in Madison - WI. There are currently 1,923 homes for sale, up 11.2% from a year ago.
The typical monthly rent in Madison - WI is $1,683, up 2.8% year over year. For investors, the price-to-rent ratio here is roughly 22x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in WI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Milwaukee - WI | $390,238 | +5.3% | 13.0d |
| Green Bay - WI | $346,517 | +5.8% | 43.0d |
| Appleton - WI | $350,370 | +6.1% | 44.0d |