Accord Realty's Market Report

Madison, WI 53703

Single-Family Homes

301 W Beltline Hwy Ste 102, WI 53713 | 608.256.4566


Madison, WI 53703

Fri Oct 18 2024
This week the median list price for Madison, WI 53703 is $619,500 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 7. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Madison, WI 53703

Fri Oct 18 2024
This week the median list price for Madison, WI 53703 is $619,500 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 7. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Madison market.
Median List Price $619,500
Median Price of New Listings $340,000
Per Square Foot $392
Average Days on Market 45
Median Days on Market 42
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,900,000 5,374 0.25 - 0.5 acre 5 6.5 170 0 0 7
$676,950 1,145 0 - 4,500 sqft 3 1.5 128 0 0 28
$607,200 1,762 0 - 4,500 sqft 3 1.8 130 0 0 105
$382,450 1,218 0 - 4,500 sqft 3 1 139 1 1 21