Madison, WI Foreclosures
How much do homes sell for in Madison, WI?
The average home price is currently $541,794.
In Madison, WI, how many homes are available?
There are currently 20 active home listings available in Madison.
What’s the average rental cost in Madison, WI?
The average rental price in Madison is $1,679.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $128,668,492.
What is currently the cheapest priced home in Madison, WI?
The cheapest home for sale in Madison is priced at $11,521.
Living in Madison, WI
Madison, the capital city of Wisconsin, is known for its vibrant culture, beautiful lakes, and strong educational presence, particularly with the University of Wisconsin-Madison lying at its center. The city boasts a robust economy, a diverse population, and numerous parks and outdoor activities, making it an attractive option for families and young professionals alike. With a rich arts scene, thriving local businesses, and a commitment to sustainability, Madison offers a high quality of life for its residents.
Current Market Conditions in Madison, WI
The real estate market in Madison, WI, remains strong, with steady demand for housing driven by factors such as the city's educational institutions, job growth, and quality of life. Currently, the market shows a healthy mix of buyers and sellers, with a focus on affordable housing options and a diverse range of properties available. The prices have shown a gradual increase, but inventory remains a challenge, keeping competition high for prospective buyers.
Recent trends indicate a growing interest in suburban areas surrounding Madison, as families seek larger homes and more space, particularly in the wake of the pandemic. The city is also experiencing an influx of new residents from neighboring states, drawn by the employment opportunities and attractive living conditions.
Home Value Estimator For Madison, WI
There are currently 77,996 real estate properties
in Madison, WI,
with a median automated valuation model (AVM) price
of $424,455.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Madison, WI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Madison, WI,
is $541,794.00, with the most expensive house
in Madison, WI, topping out
at $128,668,492.00 and the cheapest home
in Madison, WI,
clocking in at $11,521.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madison, WI!
Rent Prices
In Madison, WI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madison, WI, is on
a rollercoaster ride. The
average rent price in Madison, WI,
is $1,679.00. Indeed, when looking to rent in
Madison, WI, you can expect to pay as little
as $630.00 or as much
as $3,780.00,
with the average rent median estimated to
be $1,630.00. The good news is that finding
an affordable and desirable property to rent in Madison, WI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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