Madison - WI housing market

The typical home value ($452,940) 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 $441,032 last year is now worth roughly $452,940.

The median sale price, what homes actually close for, is $420,484. Homes are selling at 101.6% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Madison - WI sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 845 new listings hit the market each month in Madison - WI. There are currently 2,123 homes for sale, up 5.5% from a year ago.

The typical monthly rent in Madison - WI is $1,649, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 22.9x, renting territory (#27 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,329 a month in principal and interest, $680 more than renting before taxes, insurance and upkeep. The two break even at a 3.61% 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 September 2026. Methodology →