Madison - WI housing market
The Madison metro has a typical home value of $448,708, up 3.0% from a year ago. Homes are moving fast at 18 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
Madison housing market, October 2026
The typical Madison home is worth $448,708 as of August 2026, up 0.3% from the prior month, up 0.3% over three months, and up 3.0% from a year ago. Over the past two years values have ranged from $426,044 to $448,708.
Homes are going pending in about 18 days, slower than the 8 days seen three months earlier. There are roughly 1,999 homes for sale, 3% fewer than a year ago. 25.2% of listings have taken a price cut (up from 13.6% three months ago).
Typical rent is $1,641 a month, up 2.8% year over year, which puts the price-to-rent ratio at 22.8.
At this week's 7.40% mortgage rate with 20% down ($89,742), the typical Madison home costs about $3,046 a month including tax and insurance, which needs a household income of roughly $130,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($448,708) 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 3.0% over the past year. In Madison - WI, that means a home worth $435,639 last year is now worth roughly $448,708.
The median sale price, what homes actually close for, is $422,737. Homes are selling at 100.8% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Madison - WI sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 775 new listings hit the market each month in Madison - WI. There are currently 1,999 homes for sale, down 2.8% from a year ago.
The typical monthly rent in Madison - WI is $1,641, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 22.8x, renting territory (#27 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,485 a month in principal and interest, $844 more than renting before taxes, insurance and upkeep. The two break even at a 3.64% rate.
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.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in WI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Milwaukee - WI | $388,845 | +5.4% | 20.0d |
| Green Bay - WI | $345,231 | +5.6% | 41.0d |
| Appleton - WI | $349,275 | +5.2% | 37.0d |